RE: Drip before RipSome drip.
Another take is that there is some serious liquidation taking place, by a patient investor who doesn't want to destroy the sp in one go. Thus, he/she waits patiently for bids to reappear, then drops another 50,000 on them.
Possibly someone selling for reasons not connected to this stock, or more likely, either there is a financing arranged, for less that present prices, so those buying in the underwriting are selling now for a built in profit, or, the drilling results are not as fulsome as we have been led to believe.
Anyway you cut it, loosing 11% in one day is not a win.