Ann: 5-Nines Graphite Purity achieved in Pilot scale sample, page-76

Yes, nice to see a tick up in volume.  What still remains a mystery to me is these 200,000 blocks of shares that have for some time now being accommodating any buy demand. 

There's no doubt that there is buying interest happy to accumulate without chasing the price up.  One party or many parties, who knows but that is easy to understand.  What I can't quite understand is where the selling volume is coming from.  If you are an owner of this company of say 200,000 shares or more then one would assume you know a little about the current goings on.  You just wouldn't be selling now.  There will always be some selling in any stock that's not related to the company's merits but rather driven by personal circumstances.  But there has been too much "putting a lid on it" selling for too long that just doesn't add up.  Just today there was one parcel of 332,193 shares sold into the bid.  Didn't even hold out for a higher price.

I monitor the top shareholders regularly and nothing appears to change there. There's always the possibility that it's one large holder just recycling the same stock to keep the price in a tight range.  Most obvious reason here to create a low VWAP for some period of time pre a takeover.  I really hope this doesn't happen anytime soon as I'd hate to see the transfer of wealth go to someone else. Would settle though for a failed takeover that highlights the potential two to three year story.  That'd be a nice catalyst to rerate the stock.