mmm..There is no doubt in my mind that there is a behemouth...

mmm..There is no doubt in my mind that there is a behemouth accumulating out there, but I have been hesitant to say it as there has been no major change in significant holdings, and hence there is no confirmation.

At this price point I have noticed a lot of volume come in on the lit-market and dark-market, which is consistent with the way in which the market has treated the price in the past. ~$1.20 has been a consistent point of resistance. Beyond this price point there is no volume on the sell side. I'd give it 2-weeks and we'll see $1.30, maybe earlier. The overarching point is that the price wants to go higher.

The other important point to note is that the weighted moving average (annualised) before the initial knock-back was $1.60. I'd say the stock is going to return to this price by August. You could also argue that we have a stronger submission now when compared to before, so it lends itself well to at least a return to prices pre-July 2012.