I have had a few glimpses of the trading on IRESS and it is my opinion that a group of instos are buying and selling. If it was simply plain old selling then they wouldn't be likely to be buying again so soon after a sale.
Could be trading but is I don't understand why they never let the price run enough before they sell. Why would you sell a trade whilst the price was still running hard?
If you have any evidence to the contrary I would like to see it.
I think the final proof will be if there is any public corporate action or not. I have no evidence but my gut says there will be.
IGR Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held