The placement was at 11c and there may be some quick profit takers amongst the sellers.
There is probably frustration to the lack of announcements post EGM. Once EGM resolutions were all passed, we expected to see the company roll out the good news quickly. Seems like 9 days is too long for some punters. I hear Warren Buffet's words "The stock market is an incredibly efficient mechanism in transferring wealth from the impatient to the patient".
I'm with WB. Holding and picking up some cheapies atm and looking forward to announcements over coming weeks.
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The placement was at 11c and there may be some quick profit...
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