I think that the larger players are just picking up small volumes at the moment as as such they dont need to panic at all. Why push it up when small parcels can be bought each day. I see that looking at the traded parcels they must be on a quarterly brokerage so they dont mind trading the 500 or 1200 shares as it costs no more to them. retail investors dont have that luxury.
I dont see this pushing up until the sellers are exhausted - I dont think that capitulation has as yet ended - there are still a few stags holding out for a few cents more but each day they realise that no-one as yet wants to pay up and a few more give up and disappear.
I am a buyer but I wont pay more than 58.5c as I have my parcel and more is only at the right price.
I think its a steal at 60c. I see that Argonaut has released a report - I cannot access it but I am sure someone here can.
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