A few reasons for the price drop. 1. US brokers controlling the price of selling high and buying it all back low. 2. The price of Gold has dropped almost $200 per ounce. 3. The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon. 4. Australian market was expecting an announcement from the Chairman confirming options converted. 5. The volume in the begging of the day was a buyers frenzy as fear of missing out hit the market till the afternoon when this China U.S. news came out. I wouldn’t be buying any shares tonight in the US because by the time this trades on the ASX on Monday you will be down on any shares purchased tonight. By buying shares tonight you will only be helping the brokers distribute the hat they bought on the ASX today. Squeeze them and let them hold those shares so they can’t attack the ASX and let them hold. Price will run again to 9.5c
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