How many of the four major shareholders are selling?
There will be shorts and stop losses being triggered, but pretty sure instos are unloading here.
NTA around 30c.
There was a management shake up a while back but it seems to have had little effect.
No mention of any problems at the AGM a few weeks back and now a large downgrade.
Hopefully 38c is the bottom and a positive announcement on Wednesday could help a little but not confident given todays price action.
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