Who the heck knows mate, hasn't been any news of any type, good or bad. Remember it was 3.5c at the start of May then went to 8c early April on no news at all. If that run was on sentiment it was wrong then and if the drop is on sentiment now it's probably wrong now too.
I've held this for years and I don't think the leaky ship theory applies to this one. Below a few million shares traded in a day is insignificant in my opinion. I bet it's just a bit of tax loss selling. A few impatient retail investors can make this volume and draw a couple more in, doesn't mean they are right.
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