Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-81

Am long, and got slaughtered today. Very depressing. With the benefit of hindsight the massive Bearish Engulfing Bar of week 18 Feb should have been a signal, not to mention a double top, with the upper shadow of that candle rejecting the prior high (week of July 28) of $5.28. See chart below.

And if I was permitted to short (which I'm not permitted to do with CommSec), what about it?
People DO have to understand that shorting is a legitimate practice, and stop blaming them, stop blaming anyone (unless there is obvious evidence of corporate malfeasance).

Blaming others for financial loss is not a useful practice, but is endemic to many HC users, day after day, week after week, year after. I've seen it since 2015.
Which is one reason I left the site a couple of years ago.

Oversold?
At this point technical analysis is useless, except for one thing - you have to respect a massive red bar like the one of this week (which is almost complete, the week, that is). This is not a "flesh wound", from which there will be an immediate "V-shaped" recovery.
This fall is based on fundamentals, business practices which have failed (if anyone bothered to read the Announcement).

As I said before, there may be a DCB on Monday, or later in the week, or there may not. If so, depending on where folks got in, it's a chance to get out with reduced paper losses.

Anyone who is badly underwater - as I am - has to understand they are now in defensive mode.
It's no longer a matter of how much you can make, but can you loses less. The pain will still be great, but perhaps less than it is at the time of writing.
SBM - WEEKLY