At 10:08:02 - 1m shares sold at 17c.
At 11:11:54 - Another 2,423,746 shares sold at 16.5c in one go (assume balance up to whatever was left at 16.5c
So at least 3.5m shares has been sold (dumped) today. Someone is doing alot of selling. That can be the only explanation for the share price decrease. Time will tell, but the SP can only be rerated once the selling has finished.
How long that will be is anyones guess. If you have the money accumulate on weekness.
I'll point out one comparison (maybe iffy comparison) - but QHL Share price was pushed down to 39.5c recently by renewed selling by a debenture holder who had converted into shares, and was selling their stake. Share price is back to 47c. If the selling is over, then there is a good possibility it can re-rate.
Same with this stock. Once the big seller steps out, then anyone wanting to buy has to meet the seller at their price.
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