Cannacord and Credit Suisse are the sellers. I would have an educated guess that these are placement positions being sold down.
Placement at 7.9c from memory but leaving a few cents on the table is hardly a blip on their radar, they would have got out with a good chunk of profit when the price was higher.
Fingers and toes bloody crossed that the $20m is sold out soon and we can stabilise and hopefully look to climb a bit in the coming weeks, this is absolutely brutal.
Fundamentally nothing has changed it is just the unknowns that are likely making people nervous.
A depressed Gazza69
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