I think the sp climbed just as quickly as it has retreated this time around and you could argue the stock was overbought when climbing into the high 60's (probably in expectation of flow rates from Fiesta).
The retreat has been orderly in my opinion and not a "without parachute" affair. Bots have helped it sink adding a little weight to the modest selling volumes and probably scooping up the shares at stops.
The short side picture is interesting. Now only 460 k shares short sold, down from 1.2 million from memory. You would think if there was bad news coming our way we might see shorts increasing at this time. No one appears to be taking that risk.
I won't be too surprised to see a landslide of positive information prior to the announcement of a date for listing on the TSX.
MPO Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held