My opinion is that it was letting sophs in now to benefit from incoming upside.
Of particular interest is the following:
Morgans Corporate Limited has been engaged as a finder for a portion of the non-brokered placement, and lead agent and manager for a proposed listing on the Australian Securities Exchange ("ASX").
Based on recent broker data, Morgans have been buying REE. The data is lagging by 3-4 days, so will be interesting to see how much REE Morgans acquires on market.
REE Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
