Pure speculation.Maybe an investor/fund with <5% holding has...

Pure speculation.

Maybe an investor/fund with <5% holding has been sitting on the sidelines waiting for a low risk, high gain, large parcel of shares after first concentrate is produced and sold?

After mines go into production is generally when institutions build up their holdings.

This investor/fund maybe saw the presentation last week and then knocked on Lachlan's door saying " we have $xxxm to invest in HGO, you can have the money next week and fast track the expansion of your resources if you do a placement to us" While the BOD was procrastinating the afore mentioned investor/fund used their already sizable holding to heavily sell shares to lower their placement price and here we are.... Waiting until Monday for some actual facts.....

gltah