I don't imagine the soph investors will be wanting to sell at a loss, immediately after taking a position, particular since the company have only just updated the market with the news that they are on the cusp of the FID and the start of construction (see below). I agree too that the company has done well to do a cap raise near the recent peak of the SP. That's really good for raising cash to support the project going forward whilst minimising share dilution. The soph investors will just need to show some patience to realise profits, just like the average retail investor here.
All IMHO, DYOR
Ann: 121 Mining Investment Cape Town Presentation, page-13
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