Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-463

"Canaccord is the underwriter and we all know they have been selling down for a while, they obviously knew this was coming and were cashing in at higher prices to pay for the $12.2M ( $7.8M to Weier ) underwritten placement at 41c. They will also be paid handsomely with fees on both ends. Milking the cow you could say. They will very likely sell down many of these shares and will still have a healthy profit even selling at 41c p/s."

Could be more pressure over the coming days/weeks imo.
The whole market seems to be getting sold down, especially battery minerals.
If you cant stand the heat or recognise the (real, not speculative) potential get out of the kitchen.