It's very odd, isn't it... Not too many retail holders are...

It's very odd, isn't it... Not too many retail holders are sitting at a profit current share price levels.

Likewise, the institutional placement offer was at 20c months ago. We've since had sufficient time above those levels to churn through their shares if they're the ones selling. There's very little margin at these prices.

So that leads me to suspect it's perhaps a few pip / short term traders exiting after picking up their recent parcels below 20c.

But you're right in your theory as well. CYM's possibly being accumulated. End of day auctions are consistently being matched, with ~5 shares in favour of the sell orders, which knocks the share price back at the end of day auction, whilst the buyer accumulates as much as possible.

Copper is currently near ATH's. Long term, copper is trending higher. Nifty is is undoubtedly viable and will be worth multiples of the current share price. I've witnessed similar behaviour before on stocks I've held before. And 6 months later they're x3 their original share price.

Patience rewards those who've done their due diligence.