its who dares wins in my opinion. There are CMC accounts destabilising the share price, and buying back lower; for a neutral position - I don't think aggressively accumulating, likely trying to get the SP to a much lower SP bid.
Then Commsec accounts are grabbing the lion share of the bargain prices
Note also the 5 or 6 "dormant" broker accounts, small parcels bought and just watching - the AOPs having been putting some small trades here and there; they are there likely to harvest a significant price crash.
Ann: Early REE Results From Maiden Drilling & Trenching Program, page-23
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