50 metre thick coal , page-17

I cannot see this the work of new investors to push price beyond the options exercise price - you know exactly you'll be getting in a weeks time if you are not part of the raising.

So..any speculations as to why? Here's my conspiracy theory - Cygnet doesn't want to underwrite extra shares but want their fees, so pump the price a bit to instill confidence for others to take up their offer, as long as the cost of pumping is lower than their fees, all good.