Hey Domg, I don't think they are waiting for anything in particular, I feel they are soaking up all these shares on offer while they can.
You look at yesterday, we all saw the extension as a negative (SPP hasn't filled etc), however someone bought strong into that ann and after it.
I have been wondering about the 20-25m sell into 0.08c at the start of the week though. Was this done to activate stopsell's, drop people's confidence etc? ultimately allowing them to absorb up 30m-35m in shares at the same price (as opposed to the 0.09c they would have had to pay).