It was pushed down by Downrampers after it announced it's:
Placement and Entitlement Issue on the 25/5/23
It's SP closed at 1.7 cents on that Day,
And was pushed down since for no actual reason.
It had traded well above that reaching 2cents the trading day before,
Closing at 1.9c.
In the weeks before that it was trading higher than that in the 2.5 cent range,
Hitting 4.3 cents on the 20/4/23.
So really having achieved even more now,
With Drilling next to $21M MC OD6 completed,
And Assays expected shortly,
The SP should be even higher than it was then as they have done even more work,
With Assay Results likely to be around Mid - late August....
Anyhow the Placement and Entitlement Offer closing date is the 25/8/23
Drill Results will likely be out by then,
And the SP far higher than 1.5cents,
So the Placement and Entitlement in that case will likely be over-subscribed.
They can still also extend the Offer,
The last day to do so is the 22 August....
The real Issue is why did these downrampers appear,
To mess with the SP,
After the Placement + Entitlement Issue was Announced?
Usually when people do such things,
they or the people they work for are Buying....
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