Main problem seems to be endless supply of stock from the new...

Main problem seems to be endless supply of stock from the new 25c Paradigm shareholders who have been feeding the tens of millions of shares into the market almost constantly over the last 1.5 years. Until someone crosses out that holding (it wont be MQG) this is likely to keep going down given lack of buying. You know what these destructive US hedge funds are like, they dont care what price they get and will likely be taking under a cent in a couple of months time if someone doesn't take them out first.

If IBG/Glencore are after this asset they will need OVR management to get rid of the 30m expl asset on the balance sheet first, so given this is almost cash backing, a possible next step to allow that to happen could be to say the project viability is uncertain given current metals prices and the company is going to write down the asset. That will gut the balance sheet and also likely the retail shareholder register which would make a cheap asset grab feasible. At the moment they have the problem of the cash we have all poured into a 'viable' asset so even a 15c offer would be frowned on.