Possibly people trading the oversubscribed 4.25m placement which was done at 10.5c back in April. Maybe some are doing some tax loss selling, but for all the volume it's all being soaked. Could be some selling to oneself to capture the loss and keep position.
A resource upgrade 'leak' doesn't typically shatter the S/P especially on a stock like this where there isn't exactly an expectation on the size of the upgrade.
The 3 sell props still don't quite seem all that realistic. Would be interested to see if they're pulled if volume starts hitting them.
SF2TH
RFR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held