Has MOD attracted loads of new investors, thereby leading to the...

Has MOD attracted loads of new investors, thereby leading to the superb rise in the sp?

Is it more to do with shareholders increasing their positions in the light of the drill successes?

Was there a heap of cash waiting to invest in MOD through the RI? Oversubscribed = buying in the market.

Or is there institutional buying underway in order to obtain a near 5% position so that they can have a material impact on corporate activity?

I am just seeking opinions from those of you who have a feel for the ASX market. I do hold MOD but through my UK broker. I therefore have no real idea of how the Australian shareholders view the current situation - other than watching the value of my holding rise!