I'm guessing it is an iceberg seller. Highly likely the shares...

I'm guessing it is an iceberg seller. Highly likely the shares that were held in escrow that were released awhile back. Those shares were part of the purchase cost for acquiring Panda Hill. If I recall correctly, it looked like some of those shares were sold soon after coming out of escrow. That caused the SP to plunge down to 16.5c in Feb/Mar.

Once this seller has cleared his need then the SP will have clear sailing towards a better fair value for this stage of development. Good time for any new holders to jump in whilst the SP is under selling pressure. The announcement of Offtakes and Financing will be better catalysts for a re-rating compared to the DFS. Most of the info in the DFS was pre-empted by announcements adding to the PFS.

Cheers