Ann: Sybella REO Discovery Presentation, page-82

17m placement shares, 35m rights shares, of which 19m of the rights shares were shortfall placed last December. And those shares all came with a 1:2 13c October '25 option.

I'm impressed with how well it has held up. Volumes drying up with each bit of a retrace.

I'd guess there may be an attempt to hold the price down for the next cap raise. And I'm happy with that sort of interest. But I appreciate that isn't going to suit traders.

Maybe also a bit of residual profit taking and free carry selling still going on.

But they don't need immediate cash and likely can push the stock price higher with decent announcements over the next few months. And as others have said they have likely other sources of funding so may not raise any time soon.

And if they hit something decent with their other targets currently being drilled, they'll be raising a lot higher than around this price level and have plenty of good work to fund.