It's all about sophisticated investors reducing their risk...

It's all about sophisticated investors reducing their risk while still having exposure for any upside. Bear in mind that those that participated in the cap raise not only received shares but also got bonus options & possibly the tax credits also. The options and tax credits have a value so a lot sell a good portion of their allocated shares to reduce risk while holding the options for any upside. Due to the value of the options and tax credits, soph's can sell at below cap raise price and not lose out.

If you believe in the stock but aren't a sophisticated investor that took part in the cap raise, it's a great opportunity to buy shares below the cap raise price. It's not that news has leaked that drilling to date is poor or that investors have lost faith, it's all about positioning for exposure in CUS but minimizing risk of loss.

I've certainly taken advantage of the opportunity. Current drill program has the potential to be a game changer for CUS. DYOR as always though!