While the selling is concerning I guess ultimately it boils down...

While the selling is concerning I guess ultimately it boils down to whether these sellers have better information than the holders about the quality of the asset.

Given there was a substantial capital raising that was oversubscribed by some fairly prominent gold funds, I find it difficult to believe the feasibility study will be considerably different from the major broker research consensus. This is even more the case since there was a previous feasibility study where much of the data will still be valid (around infrastructure, OP mining costs etc). The only real unknown is the underground operation but even that seems to have been reasonably well flagged. Management got burnt last time with the release and have been very careful.

What the capital raising may have done is stir up enough interest that someone who had wanted out for a while was comfortable enough to offload on market (potentially to those who were not able to get their subscription). Previously if someone wanted to dump 20 million shares they'd have hard time doing it above 30 cents.

Anyway might be due another substantial holder notice soon. Could be more from Dynamic fund. Who knows what the rationale of the seller(s) is . Could be completely unrelated to the project quality and just fund flows.