If everyone is of the understanding that there is a seller still about, if they were offloading at 5.25p then why wouldn't they continue to offload as much as possible when the share price is 15%-20% higher? I'm guessing with today's volume they would have had the opportunity to sell quite a lot.
Let them do their thing, and wait for the gap to 12.2p to be filled. It won't be long.
True, but they are long here and accumulating so that explains the steady trading range for a little while now. The charts also point up if it follows the current trend. I think we will have a big up day in the next week/fortnight.