Platinum have basically been buying everything on market - moved from 5 to 10% fairly aggressively. Looks pretty obvious they are moving to 19.9%
These are the same guys who raised Blumont $200M and just put in a $150M financing deal to CKA (terms yet to be announced)
Anything that comes up at 19c is being bought off market, has been this way for weeks now
Someone net short around 4-5M shares from what a few guys have worked out - so a squeeze is expected at some stage
Platinum playing the perfect accumulation game here, likely soak everything till they hit 17-18% then start line wiping for their last few % before finalising their funding deal and making the shorter cover
Great trading previously jagging them at 19c and selling into Platinum at 19.5c, same thing now at 18.5c and into 19c
