Voluntary escrow matures in the 24th of November, so might be a reason for some to run for the exits, and many may have been waiting to pull the trigger before deciding to sell.
Perhaps a Cap raise to move towards the next phase of the Wickepin development might have gotten some air?
The opportunity costs too have been large, considering the growth in SP within other sectors. The perfect storm.
Regardless, volumes were large today, so something is up.
The AGM is on Friday, so no doubt we will find out then.
I sold off in the 19-20.5 region in order to free up capital from the value trap, but things now look quite attractive to re-enter, for a long term hold.
The AGM as well will hopefully confirm what we THINK we already know, so prices at this level do start to look compelling...
