Seems to be short term profit taking and I assume some who have...

Seems to be short term profit taking and I assume some who have held for some time further offloading on fear that they will see their value diminish more if they keep holding.

For the risk taker this is an opportune time to buy more. I note that some have speculated on a capital raising. I doubt this will occur, it might however reading the statement from last week it is likely that they will do some debt funding and maybe sell off part of the assett to an equity partner who will pay fair price for the assett.

A capital raising would not achieve fair value at the current shareprice.

If it keeps getting sold down again to the below 6c level I will certainly accumulate more, I am even thinking of buying at current level to build up a strong equity position.

Of note is also that none of the major shareholders have changed their holdings throughout this period, so it has been mainly speculators that have bought and sold and those longer term holders who have sold for their own reasons.