Someone clearly offloading AND placing pressure to drop the price earlier...not the actions of someone selling out to achieve maximum price.
The play here was clearly to lower the price...obviusly for a re-load...but without the srts of volumes available from a margin purge, or some other force block sale, I fail to see how the maths of this mornings dump can work in their favour?
Just 83m shares on issue...and $11m or so booked for the year?
Perhaps someone is hoping for a placement at current levels to replace the stock let go today?
Seems like a brain fart on this today by someone.
Thanks by the way, who ever you were...lol
Cheers!
CQU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held