I think I now know what has gone on. I understand that just before Christmas the Company put out a circular requesting, amongst other things, the power to buyback up to 10% of the companies shares. This circular would have been received between Christmas and the New Year - about the time of the rise. If true, we have know gone from a situation where we had a large overhang (which I believe is no longer the case) to one where there will be a large purchaser willing to purchase up to 50M shares. I got this from another bulletin board and am still downunder so difficult for me to verify. Can anyone confirm this?
I also understand that one of the resolutions related to a possible consolidation. Can anyone provide more guidance about this as this is an issue particularly close to my heart?
If these things are true it just confirms to me that the new Board are getting to grips with all of the issues and are very interested in creating shareholder value
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