I think given the current climate anything without news flow is...

I think given the current climate anything without news flow is getting hammered, regardless of the fundamentals remaining unchanged or even improving.

Seems to be a real get rich quick mentality at the moment, buying and selling on news regardless of what it is, then off to the next "hot topic" e.g metaverse, then lithium etc etc. The traders are in control in my view atleast.

It does allow for some nice averaging down though, if you liked these guys and were buying at $1+ then down at 40c it should seem very attractive? That is CERTAINLY not advice. Just the way that I would personally be looking at it, especially now that there has been such an enormous transaction at 39c. Again, for every buyer there must be a seller (see next paragraph?), it would be an interesting discussion with whoever unloaded 12 million shares.

I am not fully knowledgeable on cross trades. Could it just be shares owned by the same person being transferred between wherever the shares are being held? ie transferring from a broker account to another broker or to some other institution? I'm clutching at straws here but you know what I mean. Is there a chance they didn't change hands at all, they were just moved? That was my previous understanding at least of cross trades, but you seem to have other ideas? Thanks for clarifying if you can.

Cheers.