Why this is tanking
These are just my views and no one should listen to anyone on here about buying or selling but look at the facts.
The guy who control this company and 3 others just uses them for a pay cheque, he does Private Placement but never drill then rolls back the shares and starts over. Rumors are this one may be halted permanently thats probably why you are seeing a sell off.
I think its more likely they are about to announce a reverse split and consolidation of shares since the float has gone up 700% and they still have no assets. No one will finance them with this share price and they have no more money.
Once they consolidate the shares it will come out and immediately drop again so I am not sure this company can be saved. I feel badly for the 2 recent Private Placement guys who now have nothing but paper. Once support is gone at 2.5 its game over.
Just my thoughts, I have held shares in all of Mr. England's ventures and lost on half and made a little on half, some are not so lucky. Google his name and you will see why this is going into the toilet.