Some people has no staying power. They sell because they dont...

Some people has no staying power. They sell because they dont like waiting. Fair enough if they can find a stock that will run sooner and faster.

Then there are some who over time have lost faith or forgot the story (me included,I buy into stock and after a while wondered by i bought them. If anyone are looking at me for indication of good stock you must DYOR i do buy on impluse).

Like you say sp has held its position for a while. This is an illiquid stock. If someone wants to sell say 20000 shares at market it might hit 60-70 intra day at a time when demand is not there.

The chinese investors went ahead with the funding agreement even though the sp drop way below $1.60 before EGM(not sure if the investors have a choice to back out of their agreement if share price fell below the agreed price).

This shows they know the value of the mines is worth far more than $1.60.