Similar pattern again, not retail but today showed a little more determination in buying at the expense of not being able to move it down at the close. Motivated sellers have apparently dried up , so the upward spikes will stabilize into a more steady /gradual upward trend. Still looks largely undervalued, so if more positive news is coming, we could see a bump then a sustained uptrend. If HBM is buying now, its because they know the large control group of insiders have no intention of walking away from this early. I expect it will blow past $1.20 within two to three weeks, and there will be a chunk of sellers at that level but shortlived if news is material. Remember, the larger this turns out to be, the relatively greater will be HBM's need to acquire it early for fair value, their worst case scenario being not to pay a good price, but to not get it at all. As posters have pointed out, essentially HBM management needs a win on the resource achievement side, they will not be criticised for going a little long on price.