Spoke to CIO today
They understand the looseness of the register is an issue and holding back fair value
No noticeable large groups selling or any individuals
Personally, it looks like traders trying to force this lower, test new lows and accumulate prior to deals coming to fruition
To counteract this, the company is doing roadshows in Sydney and Melbourne next week to no less than 12 brokers at this stage
This is NOT a CR roadshow. The company is in deep negotiations to obtain debt finance and a strong potential to monetize the Gold assets it expects to retain in coming weeks IMO
It may be about to turn
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