Hi meerkat et alI am trying to figure out what the selldown so...

Hi meerkat et al

I am trying to figure out what the selldown so far is about, is it:
- Large players selling or pushing it down
- Is it concern over the 10c SPP
- Just a series of stop loss hits
- Concern over lack of news coming before the AGM
- Being pushed down to accumulate (tree shaking)

"will take a mighty upgrade to have any impact on sp"
I disagree, due to the grades so far, if these are extended then it won't be going up a few cents, more like 10c and some, plus you have further updates on other matters due soon plus the AGM:

"The high grade mineralisation extends to over 300m laterally and remains open along strike and at depth. Interpretation also indicates the likely presence of a second as yet undiscovered highly mineralised structure existing to the north of the current high grade zone."

I don't know, maybe they will sell it down to the placement price, but then maybe not. Perhaps the sudden flurry of buying early this week was in anticipation f further good news and a cap was applied to ensure it didn't move too far from the SPP price?

There's a lot of questions, but then that's why we are speculating, if we knew the answers it would be for much less reward

Be interested to hear others thoughts here anyhow, for or against