Oh @Truss, like others eager to taunt, you ignored the actual significance of the actual company release....
If Sector truly held the massive position he said, then one might be forgiven for suspecting that this large volume secondary mkt sell down (somewhat comparable to the volumes in the primary mkt [capital raise]) might be him behaving irrationally. Having endured his crap for a long time, why not benefit?
Sector, who like you, trolled day in, day out, has not posted since late March in an utterly retail dominated stock. Like him or not, his sway on Hot Copper (and indeed the stock if he held all that he boasted) is very significant, particularly if this is him selling down....I don't really care ultimately. Him, or others, have sold this stock price down massively in the period below book value on massive volumes, far beyond what the capital raise would have otherwise done (towards EOFY, was admittedly pretty crap timing by Ross et al). When the selling is done, this thing bounces after EOFY/MSB good news in August.
Massive short term selling pressure on massive volumes. I will take the opposite to that all day in any stock that trades below book value, is cashed up and has a funded pivotal phase III trial, with a synergistic rival about to likely announce FDA approval by August. This is one of those rare occasions being regularly on Hot Copper may pay returns, with the possible (forced?) exit of an irrational and alleged top 5 shareholder at silly prices:
(20min delay)