SMO smc gold limited

Does anyone have a credible reason why SMO is trading @ or below...

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    Does anyone have a credible reason why SMO is trading @ or below 7c????

    Have read latest announcements and can not really understand the latest selldown with respect to future prospects for this stock.

    I am expecting 6.5c to hold but I am baffled as to the big seller at this low price! Anyone have a clue as to the identity or reasoning of this seller???:(
 
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Currently unlisted public company.

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