the fact that no internet discussion forums seem to know who the buyers are is a good sign as it might mean we are moving stock from trader hands into holder hands. Those in the UK with ISAs seem to be longer term but there were still plenty of traders about. Most traders on T+3 to 20 day trades get out pre christmas as they are either holidaying or expect to be stopped out while nothing going on so it is a very positive sign that volume and price are both up.
My best guess is that as the market cap rises more smaller insto's are allowed to allocated funds and as they get told there will be no capital raising on the short term they start buying on market. The other set of buyers are probably those who are hearing things through the mining circles about the Georgia results.
RRS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
