Like many I've added considerably to SPQ positing over past weeks as the price seems ridiculously low compared to upside potential.
My read of the past months trading is that there are investors out there with a lot of shares bought cheap or with warrants and they have just decided to lighten up and take some money off the table. This is one of the few juniors in the 'ROF' that always has a lot of shares on the offer and for 1/2 cent spread a lot on the bid.
Hard for me to get a grip on just how fast this could turn around and run to with any kind of positive news.