Unfortunately that will always happen with small stocks. Traders...

Unfortunately that will always happen with small stocks. Traders are a real force in our market. The other issue is that when shares are issued in placements at 4c, it is always extremely tempting for those with those shares that they acquired cheaply to move them for a quick 100% profit (or 200% in this case for some). Then you have the remaining escrow shares, some of which were likely sold this week.

Looking at things positively, you have a director buying a small portion of shares at 4c a few weeks back and strategic investors taking a placement at 7c some time back.

I'll be watching carefully for change in substantial shareholder notices to see if any new investors join the MRF register and conversely, whether any existing large holders are selling.

Will update the broker data next week, which should at least reveal part of the story. What we don't want to see is brokers selling to retail investors; ideally, we want to see a few brokers buying with their ears pinned-back.