If they are not long in this play, RCF were likely buying significant volume the beginning of last November and would have been the the cause of the then spike to 0.90 level, followed by the quick pull down to the high 0.60s, that slow climb back to 0.90, and this recent fall to the 0.50s. In this regard, shares came from not just the disheartened at the low ends, but also from those happy to take profit or get relief at the highs. I have been very critical of myself for not selling a bit at those two highs, but now I am feeling good about having my full compliment of shares available at this time.

I think also that the last purchases of 2.5M, averaged at 0.61, was either done because they could not resist the opportunity to average down from perhaps a low 0.70 or because they were asked by a 3rd party to step over the 10% threshhold for some strategic reason. Either way it is a positive buying statement, coinciding with tripling chromite news and fed/prov. budgets announcements that will in all likehood at least speak to the direction of ROF infrastructure plans going forwared.