DVP Technical Analysis, page-2378

My humble take on the weakness since MIN sold out is that a big chunk (but not all) of those shares bought were not by potential strategic partners but by rich hands wanting to make a quick buck. There was about a 10% -20% price difference between what MIN got and what it was trading at in the weeks before the announcement. So expecting the price to hold in that previous range, many were offloading to make their 15%+ in just a few days. However, the price,instead of holding, has fallen quicker than they expected, so there is probably some panic selling going on to make sure they make at least some profit. This panic selling is negating the price increase that should have happened due to the rise in commodity prices.

The MIN overhang was partly replaced by a speculative overhang. Once the latter plays out, the price should start to stabilise and move back up to the $2.40s and then move in line with the commodity prices.