5.5m that couldnt wait...

Up to 10:30 this morning, we had some 5.5m shares change hands for a VWAP of about 22.8c...

Allowing for a little "churn" to rev the temporaries up and the odd "sacrificial" feed into the buyers...I suspect some 4m or so shares were let go here this morning...predominantly by shadow jumpers, temporaries and the nervous types.

Now some half an hour later, with volumes drying up and just 500k additional shares traded since, we have come full circle and are more or less back where we started.

Those sellers are now looking at paying more than they sold for if they want back in...or at best, perhaps the same price?

lol...was it really worth the effort?

Had they all sat on their hands...they would have likely achieved at least 2c more on their sales.

Anyway...now that we are back to the starting point, it might be worth noting the additional 6m that have now been flushed from the free-float and are no longer available at this level...maybe no longer available at all? Further, it is also worth noting the profile we can now assume of those that did not sell in the early morning "activities"...and likelyhood they are mostly sit and hold types, or at least more experienced traders who will understand the value of patience here.

lol...is everyone taking notes from the on-screen activities?

Options very nearly went into "par" today...that is a first for this issue in weeks (months even) and particularly pertinent so close to expiry...and a very strong signal to those who know how to read such things.

Sentiment is very bullish here...ignore it at your peril!

Cheers!