Anyone that is currently dumping, is doing so in advance of a $20m drill campaign. It doesn't make a lot of sense. Even if this drill hole came back with no cobalt (which it won't as we have already got visuals on the cobalt), this is still a long term hold.
Whoever is dumping, it's definitely not the instos that just tipped in $20m at 20c.
Let's see what management can do with this next year. For now, I suggest everyone takes EUC off their watchlist and doesn't look at their portfolio, as it's getting a little ugly.
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