The 3.2 peak was interesting happened 13 mins into the session. That was basically 7:13 am WST (so big chunk of WA holder missed out); and was on the back of all the trades having been cleared out from trading suspension. It definitely was an opportunistic pump, and dump - the great thing that came out of it, it got eyes on the stock. (Hence welcome to all new holders).
Should be some decent bags for all short/med/long term holders, bloody thing has projects all at different stages. Uranium play is very patient, looking "20x -30x" waiting for the spot price to get to a profitable production price.
There is not that many "mobile" shares being traded; LT holders in Top 20 not dramatically increasing (can probably assume they are all diamond hands) - but that's still some ~70% (or new issues @0.015 $2M for Ivittuut mine) on escrow for 12/24 months, and placement at @ 0.015 $2M. This is without any institutions buying in either (will be interesting to see the Annual Report, or somehow see another Substantial Holder).
From the AGM we had only about 50% participation (pre-Ivittuut announcement) (so of the 30% shares not accounted for, a lot are still sitting in peoples drawers).
You will note there seems to be only about 36M on the sell side at the moment (that's only 2%) (with interestingly enough 40M turnover today ~2.2%), but usually <5M turnover ~0.28%).
So my conservative guess is we are basically seeing the last 10%-15% being soaked up under the current circumstances and at least a part of it is not coming back to the market anytime soon without a "3x", or "20x-30x" depending on purpose of investment etc.
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(20min delay)