I think the dynamics are that there is one keen big buyer and...

I think the dynamics are that there is one keen big buyer and many medium and small retail buyers. There may be another different buyer who is hoping the SP will retrace - not sure - but probably the same buyer for the first 3m. I'm hazy about sellers, but there seems to be at least one big seller and some retail sellers.

The big buyer is balancing getting as many as possible in case another keen big buyer comes along, with keeping things under the radar, and not appearing too keen. Every now and then they come in and grab a handfull. The character was very similar yesterday afternoon as well.

Suddenly the bid level at 24.5 is being raised - maybe competition for our buyer is on the way. I hope so, as I get bored waiting for the SP to reach a target. Was hoping for 30c by Friday close, and hardly want to look stupid just before the weekend. ;-) I doubt I am making the big buyers job difficult if I am right.

I hope the long suffering holders make some money too!

I may be totally deluded - watch out!