Rafaella Resources (ASX:RFR) releases PFS for Santa Comba Project, page-65

So we should all know the story with the current broker, and don't be so sure about them fully selling out, they have many entities and can cross sell into them too (or not).
The options in Oct - they are big holders (substantial actually) so that needs to be factored exercise price of 30c, brings $8m into our balance sheet.

Who knows what their agenda is, logic would say they would want to maximise their returns accumulate as much as possible and support SP appreciation. Maybe they are shaking all weak hands, hitting SL and accumulating in other entities, selling down to do this, that is most brokers basic strategy.

See what happens for the specific CR for Midrim/Laforce drilling, I believe it will be Canadian flow through method as this maximises the return on the funds raised and will need a broker to organise that as there is more to it than a straight forward placement like they previously did.
So what broker will management use will be reveal a lot.

If people are not happy with this action, and being honest it is not fun to see, then sell and at least get ur initial outlay back and move on with lesson learned for some that may be 14c, it will get there soon with more news flow. Most here see the bigger picture beyond the SP manipulation, a soon to be tungsten/tin producer with multiple project upside, NPV pre tax $40m stage1, if we achieve MD stated targets of (x2-x3 throughput on modular expansion) NPV $80-120m, add in the higher grade Tungsten and Tin from the recommissioned UG mine not included in the PFS.



SOI from 124m to approx max 168m exc. milestone 30m. So do your own SP calculations, and in a growing bull market for Tungsten and tin.
This is before we even consider the Canadian upside applying the latest HEM with lower frequency VTEM max system and what some positive drill results will do to valuation if drill targets acquired.