There is still a big seller out there - Disgruntled Chinese...

There is still a big seller out there - Disgruntled Chinese associate or Regal...quite predictable behavior to punish
new Mgt for wrestling back control.
or similarly, Regal taking a profit as they have to report Qtrly results & selling some will de-risk a tad too.

Seen it all before after 20 years in stockbroking.

So for all the S/T Traders momentum & technicals aren't everything but intrinsic value will be rewarded in time.

This is a very valuable project with a quality Mgt team who have the experience & contacts to pull it off.

You may be surprised in time how well this works out.

The real risk is Capex & this will be addressed by the BFS.
Having said that, $1.4 B is not a huge amount to establish a premium Iron ore producer with lowest percentile costs.

Give it time, patience will be rewarded.