The down trend is being caused because Sinomine stepped away from the build - meaning that the company now is exposed to risk as they need to finance the build one way or another and investors are now cautious wondering how and when this will play out. I’m holding and believe it will work out ok - but a low SP may actually be a good thing as IMO the company would be reluctant to do a CR at such a low unit price when Sinomine has already paid .06c p/s.
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