Most likely just recent selling pressure drying up from those substantial holders dropping their % now we're out of the ASX300.
They may be taking a breather before resuming some selling. Or they might be done entirely?
It's an embarrassingly low market cap at the moment.
A cap raise wouldn't be an disaster now. The disaster has already happened. Dilution is unwanted, but possibly inevitable to progress Federation at this point and get the wheels spinning once more. We're at the current price because the market expects it and waits for it.
If they can do it with current income streams and topped up with debt facilities then all the better, but possibly slower.
AMI Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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