The rate of uptake by CLY is more than just unmarketable parcels...

The rate of uptake by CLY is more than just unmarketable parcels so I think that the dry up of sellers is more likely traders taking early settlement with CLY. Most loose shares were traded at prices up to 15.5c to traders making arbitrage who would now have sent in the forms to get early settlement by now as it is unlikely they can trade out higher than 16c.

I agree there is upside here - those assays are outstanding - however for most traders that story is longer term than their usual money cycle. Once the AGM is complete, CLY has >50%, perhaps a deal or new strategic investor is brought in and a new board/management installed, then their will be opportunity for upside but for the moment 16 cents is all we have.

I think that most have worked out that you either hold and suffer 3-6 months in an illiquid market, or sell at 16c and buy in later if you like where things are going.