2.7p = 5.2c

Two trades in London evernight.
550,000 @ 2.7p and 280,000 at 2.7 p

That's equivalent to 5.2c per share.

RRS began trading in Oz yesterday at about that level but gradually weakened as somebody began selling parcels of 250,000 options at 2c.
This is most likely someone you took part in the recent placement and is derisking by monetizing some or all of their placement. Fair enough.

I reckon this represents a great buying opportunity as there is stock available at under 5c and oppies at 2c.
One smart punter has bid for 2 million oppies at 1.7c in an effort to get a cheaper price by buying in bulk. I doubt that the oppie seller will drop his price - but you never know.

When this selling is finished SP should resume its upward path.

But of course, DYOR.