The accumulators are certainly having trouble getting the volume without pushing the price up too much.
Presently only 11m has traded, the VWAP is 115.2c, even when they push the price up to 118c the volume they get is small, so they allow or sell it back down to 117c.
As someone else posted, why would you sell now. The demerger is getting very close, present holders have been through all sorts of turmoils, from cap raises, Mali sanctions to war in Europe. Although profit taking would be tempting, if you've held through all that you might as well wait for the bigger prize now not far away.
IMO the closer we get to the demerger, holders will become even more reluctant to sell, people leaving it to the last minute to get set, will have to cough up.
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