There are a few possibilities to explain today’s trading...

There are a few possibilities to explain today’s trading behaviour and most are positive in my view. Newexco has a history of being paid in shares rather than cash where they see a benefit. Might also be large holders shuffling accounts to minimise future CGT liabilities. You only bother doing this stuff if you think the share price is heading north quickly. There’s just not enough holes completed for anyone to be dumping on bad news. Good news only needs one hole, bad news needs most to be finished. GLTAH.