It would be kind of the company to look when the seller is out and then gift the longs a rocking news piece about REE from the two geologists working on Colosseum so we can move up to the next level which is hopefully above .20 !
To add to rheddle's observation, if you have a look at the 2024 annual report, section 9 "AFTER BALANCE SHEET DATE EVENTS" you will see that on July 8, 2024, Dateline issued a boatload of renounceable option rights to current ASX:DTR registered holders at that time. Those who registered for the options by the end of July 2024 have a 2 year period in which to purchase shares of DTR at $0.006 AUD if the stock price reaches the exercise price of $0.02 AUD which is has done. If I understand correctly, this has put an additional 750M shares potentially in play to be sold. I'm assuming many of those people are in the process of exercising their options to buy DTR at $0.006 and then some of them are selling immediately since they are more than 10X on those options at current prices. This is bringing capital into Dateline but it's creating more selling pressure.
I think it may be a question of when these options / convertibles are done and they must have gone through a lot of them already in the last week: June 2nd 8,676,000 May 30th 62,951,724 May 29th 5,593,703 May 27th 32,871,404 May 23rd 5,535,928 May 19th 54,241,667 April 28th 10,000,000
Eyeballing it, it looks like about 220 million to 230 million shares have traded since May 29th.
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