Anticipation for the imminent announcements. i.e quarterly/December report, exploratory AC drilling results, results of AC drilling at satellites, updated feasability study, literally any news on the Lithium deposit (OT, JVs etc).
Additionally, based on valuation of the Li deposit in conjunction with the Mine (.30c), it may just be the market re-rating to compensate.
As for the selling aspect that is happening, there are a few theories floating around. I.e a T20 member exiting or someone undercutting for shorting purposes are the 2 most probable IMO.
Hope this helps.
Cheers.
All IMO, DYOR
FFX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held