Ann: Cyclone Metals and Vale execute Development Agreement, page-18

My thoughts as to why more sellers than buyers currently, is that the story has not yet got out to a wide market.

There were those who were watching this following the MuO to see if a deal was to be done.

Some had bought with the intention of selling for a quick profit (or taking their initial investment off the table).

Others, like myself were waiting for confirmation of news before topping up.

As per my post above, a little time will be needed to work out where this will settle - and I expect some volatility until we get there.