clearly there were a decent amount of holders who were holding in the hope they would be able to exit before the zapato outcome... but after a rerating event came from either resourc statement of forward plan. Given the resource statement wont come until after the zapato result and the forward plan has been delivered in a fairly subdued announcement - those people are now getting out to qvoid exposure to zapato. It's a real shame how this has all turned our from a price perspective (and i do think the company has handled it all quite badly)... but it is what it is. This will prosper in time and people will flood back in on either resource announcement, production commencing or zapato oil. Until then.... ppfftt.
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