Ann: Kalgoorlie Nickel Project Australian Government Recognition, page-82

Couldn't agree  with you more @boughtearly -  in an earlier posting  I suggested the same thing.

One possibility is that some had applied for shares in the .55 cent cap raising and then again in the recent .70 cent equity raising and now boosting holding/s on market.

With close to  8 million shares changing hands in the three day this week, it will be interesting what today might bring.
I well remember a failed hostile bid for this nickel (then owned by Heron Resources) by Joseph Gutnick's
Centaur Mining - Not one share changed hands during an extended hostile  takeover bid.

For those wanting to know how this gigantic resource came about by the founder Ian Buchhorn and exactly why he deserves to see the KNP to fruition, below is some interesting early reading after Ian had founded and listed Heron Resources - His persistance and strategy certainly paid off especially in leaving Heron with all the "goodies" he so much believed in and were the major part of his working life as a geologist and mineral economist. ENJOY THE READ!!

https://www.businessnews.com.au/article/Junior-Heron-takes-major-step