Can I ask how you know its Phillips Capital clients selling? Wasn't the last placement to PAN way back in ... Sept 2014 and that was specifically for development of their Ni assets. Maybe it is PAN selling - they probably need the cash. I'm not a serious investor, but maybe organise a XT trade with them Lincon, take them out (they had 18.5M shares at 2.7c) then watch it rise coming into production?