What makes you think ‘someone’ is accumulating (ie a single entity)? Is it reflected in the sales history?
I agree it makes little sense anyone buying at the recent raise would sell now at ~$20k loss after just a few weeks, particularly as drilling program seems on track and generating positive results
I think the constant selling is due to one or both of the following:
1. Residual major CBS shareholder/s exiting pre-RTO positions (3 viable candidates I listed in previous thread)
and/or
2. One or more ST traders having accumulated during recent low (1.6c, 1.7c) which they now intend to flip for easy profit
In either case the 4m order will keep a lid on our shareprice until next good news and associated liquidity event, at least.
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