I reckon tax loss selling going on. I don’t think Penikat approval moves the dial much, the drilling is 6 months away too. The appeal was lodged early August, so won’t hear anything for another 3 months, which is after tax loss selling. I also don’t think there’s a new project to be announced any time soon….. so all in all the tax loss sellers arent missing anything and can just buy back in when there is some news. The lack of any news or new project is slowly killing the shareprice.
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