I think many people got in expecting the approval would come the...

I think many people got in expecting the approval would come the next day.
Nothing is certain with trading. However, we know the SI paid higher price when the sp on open market were distressed. Smelters are paid for, being refurbished and soon to be shipped. The land lease agreement signed, paid for 5 years. Supply agreement signed.
Those that can't wait dump their shares while the patiences are happily scooping the cheap shares.