Suppose it has shown us all where enough is enough and the...

Suppose it has shown us all where enough is enough and the buyers step in...
The selling was relentless and it accelerated after the road block of a million plus shares were taken out at 0.135c and 0.13c
At one stage there were over 2,5 million to buy on at these levels but a lot were taken off before they were taken out
This was probably the trigger that sent it to 0.115c...The final wash out...

It stopped just short of that runaway gap that was created back in 2021 when they won block 4 at 0.11c  - CHN just recently came back and tested the top of their runaway gap at 0.87c after dropping from $10..
Maybe the sellers were just exhausted and had no more to dump because as the trades show posted by @Bunn-Wackett it went up strongly that only accelerated as no more sellers came in....
Usually in my experience takes about 3 months to wash out a momentum destroying CR and that is Tuesday next week and with the big rise yesterday it has completely broken the downtrend and todays trades have acknowledged that, closing only 0.05c down from yesterday....

The sale of the Finland assetts announced when we were 0.13c for 7 million really should of added 0.015c to our mkt cap but only sent us down mainly because we were entrenched in that downtrend

Craig Parry chairman of Outback Goldfields and Co founder of Inventa Capital is certainly a power player in these junior exploration stocks as @Polonium210 pointed out so now S2R with a 35-45%  stake in outback we are in bed and  will get the clout along with the no ramping expertise of MB and team....





Here is a media article released yesterday. St????heed

Amid a tight market to raise cash for new mining and exploration projects, these ASX explorers are sitting pretty with a piggy bank primed to help land their next big fish or accelerate current projects.

During market routs, junior explorers with leverage to a ‘meaningful discovery’ or a project which boasts a clear line of sight on economic viability tend to capture investor interest.
While the idea is that a good discovery will spark a share price spurt regardless of what the broader market is doing, the nature of the speculative end of the market means some explorers won’t ever make a single dollar of profit.
Those that buck this trend, however, have put in the hard yards even when the market is tough, proving up their resources, getting drill rigs on the ground, and moving their projects further along the development pathway and up the value curve.
Some companies will advance their projects to such a stage before selling it off down the track in a bid to simplify the portfolio, generate some cash and carry out exploration elsewhere.

Goldies taking the plunge

When divestment is matched up to heightened investor interest because the gold price is in strong territory, all the better.
S2 Resources (ASX:S2R), the spinout of Mark Bennett’s Sirius Resources, announced the sale of its Finnish gold projects to Victorian explorer Outback Goldfields Corp earlier this month, just after the gold price hit a one month high at US$2,050.
Much of S2R’s focus had been on its unique ground positions in the Central Lapland Greenstone Belt until it pipped a host of juniors when it secured one of four exploration blocks alongside one of Australia’s highest-grade gold mines in the 160-year-old Bendigo gold field, Fosterville.
That block, now known as the ‘Greater Fosterville project’, has now become S2R’s main game.
Under the deal, Outback will grant S2R an option to earn an interest in Outback’s Glenfine, Silver Spoon, Ballarat West and Yeungroon gold projects, which hold exploration synergies with S2R’s Greater Fosterville

chart update
certainly completely out of that downtrend - GL
Still would like us above 0.165c maybe Monday.....