Its a combination of selling imo. If BC8 continued with Kal East...

Its a combination of selling imo. If BC8 continued with Kal East in this environment, it would have been very stressful with likely cost blow outs. The stock would have retraced regardless in this sort of market. The producers have retraced to confirm just that. Nothing escapes liquidity events like this.
Some small Funds might be selling some stock imo, and bc8 would have some funds from the last placement. It is a thin market to sell many stocks, so you can see serious over reach on both the buy or sell side in stocks like this. They dont care if the market turns or they get redemptions as many funds would be seeing short term. The listed fund managers have done even worse than resource stocks. You can see funds selling stocks like chn and ltr at steep discounts to their placements so its across the board. The public would also be selling some stock for tax reasons. They also only see a falling share price to go off and probably may not really understand the company at depth. Some may just assume something is wrong or the world is ending. You can see some of the sell lines are smaller holders this morning. There is also a bot continuing to lose money every day and they have turned up like clock work again today. We may think its cheap, but they may not have a choice. I am not saying that funds are dumping, they may just have to readjust their positions in everything they own. Selling here shows us why i dont have money with funds that are driven by things outside their control. Then there is good old fashion running around with your hair on fire because everything people own is down. The market is having a wash out.