I think the recent poor share price performance can be easily traced to Institutional selling. You will note that Institutions held over 20% just after the recent capital raise. They now own 14%, as of 12/10( refer Diggers & Dealers presentation). In fact, probably less than 14%.
That equates to Institutional selling of over 100m shares- probably 120m- in a short space of time.
So, first we were held back by the Excelsior sellers, now by myopic Insto’s.
Not easy. The patient will be rewarded. They may deserve BDC Gold Medals by the end of all this craziness!!
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