There is no logical explanation for what is going on unless...

There is no logical explanation for what is going on unless there are some seed investors who decided to sell their stock. They were jumping over each other wanting to buy at 56c 2 days ago and yesterday morning plenty were happy to buy at 60c plus.

Since then, we have had a solid report by the company indicating the presence of Iron Ore. Last night Iron Ore prices rose again highlighting the fact that demand remains very high given we are in record high territory .

This company has a very low market cap so it was not surprising investors were happy to buy around the 60c mark. The sell off we are currently seeing could have been explained if the report issued last night would have been a poor one. Given this is not the case one would love to be able to speak to those who aggressively sold it down yesterday and again this morning and ask them why.

I have taken this opportunity to buy more stock this morning but I have the feeling those that paid 60c yesterday morning would be feeling a bit peeved right now.
As I am posting this it would appear the seller or sellers have perhaps finished. Time will tell.

Investing in shares and trying to use logic quite often do not go hand in hand. I think this has been one of those to be honest.

For those who did take advantage to acquire more shares this morning you have probably done yourselves a favour . Certainly those that bought higher yesterday would be thinking that.