Ann: Jervois suspends final construction at ICO, page-91

Don't ya just love the ASX wild west penny cowboy casino sector ?

Take a look at the two announcements highlighted in yellow just before todays bombshell announcement !

PPT informs the market yesterday it has ceased to be a sub holder selling shares from 16-3-23 to 28-3-23 even though on 16 March we had an announcement from the company saying "Construction at Idaho Cobalt nearing completion ".
Yet on 20 March another change in sub holder notice from PPT, and also on 16th Feb PPT were still offloading shares through the month of Feb and March ! Of course around 18 cents in Feb and even up to the other day offloading around 11cents !
And now we see a massive drop on todays announcement and probably retailers who bought PPT shares are the ones facing a massive loss !

Clearly the writing was on the wall when back in Feb PPT started selling, but they took a massive loss too, buying in November much higher around 50c from memory? I mean who gives the order to buy at PPT, and where do they get this $200billion of assets UNDER MANAGEMENT ( is it superanuation), sounds nothing more than pure speculation or gambling to me , but then hey, isnt that the entire stockmarket casino ?
I guess the moral of the story is you win some you lose some, PPT im sure have done very well, but hey it's a jungle out there !