I believe selling pressure is coming from a few sources. Many holders have multi-bagged and there are also individuals and companies that were paid in shares, and they may be happy to take profits at these prices. We had decent volume yesterday and lots of people wanting to buy would have done so after the announcement. Some traders may have been caught out with the economic turn last night on the US market, general buying interest has slumped today. But this may be providing a great buying opportunity. Yesterdays announcement was actually very significant, and I believe we are still very undervalued. Hopefully the global economy takes a chill pill, and we'll resume our run to $2.
BIG Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held