I think your probably right about Shenanigans,
Where are these minuscule Sales trades coming from ? 87, 29, 6 for 481 ?, and why are they always dropping the SP by a point ?
Then if you drill deeper, that 481 Trade at 11.34.24 was made up of a parcel comprising of 12, 25, 49, 98, ? , ? I can no longer see the other two offerings but I bet they were 197 and 100, which looks to me like an algorithmic progression, ie I would just about guarantee somebody is running a Bot again in a desperate attempt to protect their Short position.
On which The ASX's Short Sales list is currently showing small positions for most REE shares, LYC, PEK, HAS, PM8, ALK, ARU !
Somebody is playing Kamikaze in a market where NdPr prices are rising steadily.
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