Melua has not broken the law, he is just using his knowledge of market dynamics to make money.
This was a sell on open because:
Delay until production commencment
Closely followed stock with a lot of players on the sidelines looking for an excuse to buy.
A lot of traders who bought between 3 and 3.c taking profits. ALso a lot of people caught out buying at 4 last time it was here last announcement, selling and happy to break even after stressing when SP hit 3.
Expecting update on infrastructure no longer being "expected"
No more expectation until end of month.
Which is when this will start to trend up again after a little retrace.
VIL Price at posting:
3.7¢ Sentiment: Buy Disclosure: Not Held
