Someone is keeping the pressure on this - steady sells of 20k...

Someone is keeping the pressure on this - steady sells of 20k parcels. It could either be a large holder exiting gradually, or someone keeping the price down for corporate means/accumulation? I suspect a large seller.
Too bad really, as the VWAP started to trend up a little late in the week and if volume had come into it it could have run.

4% of issue traded over the last 20 days for 5.3c avg.

I doubt a multi-bagger from what is on the table, but could be a profitable trade if buyers arrive. I agree that downside is very limited due to close cash backing.