a sell off of this magnitude, post a 2 for 3 cr at 11c,
thats almost a 1-1,
almost like everyone, paid 11c recently, and now realizing the sales pitch wasn't up to scrutiny.
Or a pov must be that someone thinks that way, with enough amo to exit.
Reality check.
1) is it that the market is finally woken up to the mis-priced OPEX ?
2) is just that a larger shareholder, such as DB has their own reasons for a forced sale. (recall that during GFC, we saw investment banks de-leverage their positions)
Is it fataly flawed as per 1)
or is it victim of 2)???
Though even if 1, it will eventaully reach explorer valuation for their second mine.
CRE Price at posting:
4.9¢ Sentiment: Hold Disclosure: Not Held
