Hottuna posted some stats the other day showing it's Morgan Stanley selling, and Commsec, Etrade Westpac Broking etc doing the buying, so I think it's a safe bet it's mums and dads doing the buying.
As to the unusually large volumes being traded, it is indeed large, but definitely not out of reach for mums and dads. Having been on hotcopper for years, one thing I've learnt is when a hot junior resource stock with promising story gets a large retail following, you start getting people who put their entire life savings on the one stock. So ordinary 'mums and dads' become capable of releasing hundreds of thousands of dollars of funds to put towards one stock, through accessing their super, mortgaging their house, etc. Get a few of these situations and that would easily explain the large buying volume of late.
Insane, I know, but greed makes people do some strange things.
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