I think you are pretty much nailing it. This is not going to multibag from here so a lot of the speculators have moved on.
You can find at least one stock a week that will get you 50% plus in a couple of days ( JAT, BLK, BD!, PAB in just the last 2 weeks ).
People in at 30 + just need to ride it out now until some offer comes through. Everything points to this going to 40 odd cents in the medium term but it is a waiting game now for quite a few people who bought at the highs.
AVZ Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held