Looks like Insto selling ?, page-16

73.7m shares to be issued under the 28.5c capital raising. 56.6m issued 25 Aug, the remaining tranche subject to shareholder approval. That's a large raising for what is essentially an exploration company and a lot of shares to sell if they decide to get out. Suggests a level of confidence in the prospectively. Size of the raising supports a very aggressive drill program with on-going news flow.

So would be surprised to see the instos sell down straight up given the prospectivity is being confirmed and there will be ample opportunities (ie, buy volume) to sell down into the future news flow .

There will be a lot of churn today with traders in and out. Gap to 37c quickly closed.

Will be watching for volume drying up suggesting a soak of loose stock before a test of today's high some time soon.