Toilet paper to the Chinese. DADI's investment is like around $30m from memory (I might be out a few mill as I can't remember but it's very significant).
Furthermore you say "As I said, this tells me this stock is tightly held..."
I can assure you this is not the reason why 500,000 shares traded on the day of the DFS release.
So many on the register are under water big time so they're reluctant to sell and realise a loss, instead they will wait and hope but in the meantime unbeknown to many they will be further diluted if they do not participate in future SPP or rights issues.
Everything looks great on paper, very rarely does it pan out as per DFS/BFS especially coming from a small cap explorer.
Ann: Bauxite Hills Definitive Feasibility Study for 2Mtpa, page-9
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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