News: MDI Middle Island Resources says All 10 Of The Co’S Exploration Licence Applications In..., page-32

Actually the price went up from 0.5c to 2.7c within 4 months, and now has retraced on significantly less volume to 1.8c.
Perhaps seems that you bought the top of this rally, where others on here bought the bottom pre-rally.

Call it 3 billion shares on issue and a major holder converting (and selling) options, is putting obvious pressure on the share price.
Last time that same major holder sold down the share price, he increased his holdings at the bottom and sold into the next rally.
Lots of imminent news to come for another rally.