The trading patterns (i.e. bots) suggest a sophisticated investor is shorting, rather than sell off of individual investors.
Could simply be a short attack, but the selling gravitated very quickly to 45 cents.
Still think its a good buy on fundamentals, but given the power of short-sellers and their 'bots' these days, who knows when the share price will stabilise.
Would be nice to see Iggy get in front of this quickly or, heaven forbid, to buy some shares himself.
GXY Price at posting:
15.4¢ Sentiment: Buy Disclosure: Held