IMHO, this 10m cross explains a lot about the recent SP...

IMHO, this 10m cross explains a lot about the recent SP appreciation. Until recently, no one owned 10m shares to sell. Therefore this is my conclusion. With regards to the 5.6m cross on 28th Feb and 10m cross on 17 March.
A large fund saw the tightly held register and the improving fundamentals of the company and decided to help push it into the ASX300. Knowing that if they pushed hard enough that index funds would have to buy from them. It looks like they tried the same thing on SLX, but instead of them selling to the the index funds over there, the company raised $120m and the index funds where able to buy stock. That left the fund with stock it then needed to sell and thus the result we can see with the SP.
Now being in the ASX300 will mean that those index funds have further tightened up the register, as they wont be day trading them. Until the time that the stock either falls out of the index or moves to the ASX200. I would suspect a move to the asx200 would require the company to issue more stock and cap raise. Coby has always said that this will be required down the road.
That is not a bad problem to have , when it happens.