I suspect the selling is probably holders who bought into IRM...

I suspect the selling is probably holders who bought into IRM when they released those results from Mt Richardson originally and are a bit miffed that it's being sold. Have a listen to the audio broadcast which outlines the fact that the requirement to raise capital for IRM now has been removed for the time being ... not a bad outcome as the drill results from Blythe and Miaree (when they eventually start drilling Miaree which is now 2 months away) should push the price higher and make any future capital raisings far less dilutionary than they would be at these levels.

What we need is the assay results from Blythe and confirmation that drilling has commenced in Miaree for the price to make some sort of sustained movement above that resistance level at 28 ... hope those assays are not delayed for too much longer.