Well we do not know what the seller knewwe know sellers sold...

Well we do not know what the seller knew
we know sellers sold into rallies as the highs weren't maintained
at the time the divergence of the MFI showed the increase in negative selling volume and sharp traders took profit.

Certain commentators have said that we are likely to see mid3, 4 possibly 5c
in the near future. This prediction appears to be based in part on the fact that there will be a capital raising and due to the level of professionalism in this company, the capital raising will be done at the best price.

From my observation I would say, for the company to seek capital at mid 2s the SP would need to be in the 3s. To ensure that is the case the SP would need to be stimulated into the 4s. A broker with a large folio of shares has the capacity to make this happen.

We now have an indicative timeline for the TG river license, previously there was uncertainty as to when and how long the company needed to be in suspension for. This uncertainty may have been a contributing factor to the sell into the rallies.

Tomorrow, Friday is likely to be a quiet day on the market, if they want to give it a good nudge...?

Always speculating