I am sure those who bought for 1.2c are happily off loading...

I am sure those who bought for 1.2c are happily off loading hence influx of sellers less than buyers.. We wait till they finish.

I doubt it. It's usually the long-termers ie those who have been in since 1.2c, who see the fundamental picture (thus their reason for hanging around in the first place). The recent quick share price appreciation has attracted short-term trader types and I am sure they're the ones responsible for the greater volume and volatility of late. The short-term gyrations aren't significant, it's the ability for the share price to rebound to higher highs and then higher highs you look out for. NXR is trading very bullishly atm.