Mr Blast - perhaps some holders have been lured into cashing out some AMER to day play elsewhere and return. but, as the saying goes, when the tide turns we'll know who isn't wearing swimmers.
In terms of lack of buying pressure. My observation is PIs get giddy on company RNS day (not the holding ones). As the BB has done to death, the lack of another proposed or actual offer means folk don't know up to what amkes buying more a deal. But on that point, I return to the BOD statements of "strong advice" not to sell.