RE: Top slicing18 Jan 2021 19:04
Not necessarily profit taking. There are ~240m warrants at 0.69p; some of them may have been exercised today (or, rather, the corresponding shares forward-sold). We'll churn through them in no time on the way up: today's volume is higher than the number of warrants outstanding.
Also, the company has a nifty accelerator clause attached to the warrants: it can force the warrant holder to exercise them within 15 trading days (use it or lose it) when the VWAP stays above 1.02p for 10 days. I feel that day will be Friday 29th January, so all the warrants will have to be exercised by mid-Feb. I expect that it will fuel the rise further instead of slowing it!