Yep I think you are on the money - however - there are several...

Yep I think you are on the money - however - there are several insto's / funds that have come aboard since the last fund raise at much lower levels and I suggest it is them "playing" with the stock.

IMO it would simply be too dangerous to physically "short" a stock such as this (bear in mind the shortened 2 day settlement time frame) without having access to shares as back up.

My own view is it is a bigger holder "playing" the stock tempting the weak or low financed day traders to sell.

We won't see these prices again once the real production takes place in July / August and the money starts to flow in.

All good.