i think your sentiment is right Hanrahan, but i do think that accumulation doesnt always mean you enter the t20. Accum. can be done by a few parties, each under t20 levels but in total could easily do so.
anyway, this is speculation on all our behalves. There was classic accum going on at those 2.8-3c levels, no doubt in my mind at least.
but... it's a trading stock, and some have made a quick 20% and are more than happy to bank that - fair enough too, cannot argue with a profit.
The key for buyers is to ensure you dont pay too much. 3.4c is cheap, IMO, but you could get it cheaper on Monday, we dont know. It's the fun of the game. do your valuations, do your research. No different to any other stock!
cheers
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