Well, mostly the increased volume, as you point out. Someone is...

Well, mostly the increased volume, as you point out. Someone is buying a fair bit, so who could it be? Not index funds, as we're not in their remit just yet. Not likely to be retail as volumes are much higher than normal. It could be a predator, but I feel this company would be hard to take over whilst over 30% is controlled by a major shareholder with no apparent need for liquidity and has signalled supportive intent. So, this leaves large sophisticated investors, family offices, active managers and hedge funds as the likely buyers accumulating rather than selling because the price is rising. I could be wrong, just saying it how it seems to me.

My main question at the moment is who is selling? Possibly people that bought in the last CR at 8c and taking handy profits, which is entirely understandable, although this is also not likely to be retail as volume again too high for mums and dads. Again, most likely sophs or active managers banking profits. Maybe it's just cycling through some active managers?

But, overall though, with the price rise and the buy/sell stack looking strong it looks like more want in than out = accumulation.

Just IMHO....