wait... how is this worth 22 million AUD, might want to re-check your data feed/or calculations.
The broker data already suggests retail holders are majority on the fence at this stage and have been for last 6 months (probably the main disappointment - okay for my purposes, and the merry band of accumulators).
The smart buyers are just eating the algo parcels as they drip in. I think the algo's will be more active in July; more non-sensical parcels as they need to settle trades somewhere else,
The strangest activity has been No. 7 holder selling down 85% of her parcel from placement; but their spouse is closely following the announcements (whom use to post on HC back in 2017, quite frequently). Not sure what the logic is to fund a drilling programme at 2 cents + free oppies, then off load that holding before the results; however that parcel of shares would not have been possible to gather in an ordinary market, so quite thankful it was available on a modest net discount. It would be absolutely bullish if their sentiment changed, could be leaving 10x bagger imo on the table; though I am convinced it is up to the hands of ETFs/index at that point, so sky is the limit.
As far as I can tell there is so far zero coverage of the EU Critical Raw Materials Act from Australian Brokerages; a lot more on Inflation Reduction Act. But what would I know, I'm just longer term share holder.
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