re- its all in Rns....20 Jun 2018 18:22
Totally agree with you that IIs have their own risk thresholds and will set when that threshold is passed, no matter what, that is their policy and that is what they do. That caused the sp to drop, and anybody shorting as a result, no other negative reason.
Bearing this in mind , now that the seller has gone and possibly another II on board or not doesn't matter , all that has been absorbed into the sp and we are now heading back to where the sp was before all that happened, ie. around 120, also sentiment plays a large part here and sentiment is definitely on the positive side.
Company are due to update further in the coming days, add to that strong sentiment, ONLY 31m shares in issue, not many in freefloat, a lot will be in sticky hands now, it is all set up for a BIG few days here, imo.