You may remember on the run up to 44.5c we turned over something like 30mn shares an awful lot of people will have bought in the 30c - 44.5c range that day only to see it retrace.
Those holders in effect became stranded, some traders let emotion rule their actions and will be delighted to sell at break even or even a small loss compared to the huge loss they were sitting on before.
These stale holders will be gone very soon.
EB
Ann: US$300m Finance Facility and Management changes, page-1439
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