Hey Mate, I do believe the vast majority of the shares purchased...

Hey Mate, I do believe the vast majority of the shares purchased by cap raise investors with short term intentions have been sold. This has to do mainly with the change in trading recently, it was a pretty smooth ride up to 30c without the usual dumps in between (very little resistance until we hit 30c). This differs to the when it hit 30c immediately after the first tranche, where there was significant volatility and dumps by obvious cap raise investors. Also important to consider the high volumes we have had recently. Volume since the cap raise is actually equal to what was raised. Now obviously cap raise investors are not the only sellers, so I calculated excess volume by subtracting the volume for the same period last year from the volume we have had since the cap raise, which indicates we have had an increase in volume equal to over 36 million shares.

Considering this, I find it hard to believe there are still any major cap raise sellers still remaining, at least not a high enough number to matter. I Guess we will have to wait and see though to confirm, I am waiting for some more cash to come in though so I would be very happy for the price to stay where it is for a bit longer (or go down) rather than continue going up.