No doubt the price action lately has raised some questions. I am unsure the board could have predicted the SP would react the way it did post MR. I believe they always had every intention of raising post MR, it was up to market to decide where the price headed. It is interesting to have the idea that there was something dodgy going on back of house. Just doesn't make sense no matter how dodgy it looks. MQ is a major shareholder, Wingfield another major SH with a board seat and haven't sold any. Surely they would be protecting their capital and % of ownership. PAC looks like they have a board seat and if they are the lead in this raise and have let it slip early to select people, well Isn't that just a little too obvious? Doubt MQ would be throwing the coy under the bus like that.
I agree its suss action, just spit balling why and if there's a solid strategy for the good of the coy and the major shareholders (along with us smaller ones riding the wave).
WWI Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
(20min delay)