I think it has to do with how many shares we issued in the raise. Especially since we were trading at under 10 cents for a while. I personally got in just under 8 cents so could sell for a pretty good profit under 16 cents (not that I will).
We also paid people in shares, like capital drilling and Euroz (I believe) so they have to sell so they can pay staff etc.
Gold Price has also gone down since the raise.
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