Hopes were too high. In reality Justinian is a great result and has only been drilled once. Eleckra are onto their third campaign at Central Bore.
And you have to add in the prop orders.
When I play back the days trade it is masterful to watch. Just like pegs going into a board under the price. At one point there were three of them for 500k shares that in total got hit for about 12,000 shares. Pretty well all new order were placed on the high side of them.
Anyone who wanted to buy had to pay more than the prop or risk not getting a fill.
Add in unrealistic expectations which just read the props as confirmation of their belief and you have the scenario you describe.
EKM Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
