I don’t think it’s panic selling. It’s the current reality of cyclone and it’s prospects right now.
Don’t forget before it went up to 1c it was sitting around these levels. Many will be looking for the door too.
I expected it to drop to around .004 today but .002 was a surprise on the first hour of trade.
Given all the options out at .005 it was always going to trade below that on the market.
Even at .002 it still gives a market cap of about 10million.
Lets see if anything substantial comes from CFE to increase the SP.
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