missed something, page-5

I think they are trying what Western Metals/Indago have been doing as well. Appears Daws wanted the share price at 2c+ prior to the capital raising and consolidation, and him announcing his buys obviously helped the sentiment, along with a few mates of Daws & co. that obviously had some idea of LUM's plans and were "encouraged" to get the LUM share price up.
LUM are going to need to raise at least $10mill and it wouldn't surprise me if they do that at around 1-1.5c. Daws and co. wont be too concerned about dilution as they just got a massive bundle of oppies for pretty much nothing