It made sense before 30 June if someone was just doing some EOFY cleaning up.. but this just smacks of mindless broker activity or someone who really really needs cash - but with the market up, it couldn't be a margin call.
The only other alternative is they have inside knowledge - but for what..? One poor assay isn't worth this as the recent news has been stellar (funding complete and cashed up, plus a clear path to production/cash flow). Then again, I also hold DCN and they had a 93 metres @ 3.1g/t and the share price is up a measly 2% (saying that, it is a producer so different metrics, but it still shows that perhaps gold stocks are a little on the nose despite a stellar AUD gold price and mining costs are a long way down from when gold was at its USD peak).
Ideas / Discussion?
It made sense before 30 June if someone was just doing some EOFY...
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