The hands behind it must hold both shares and options.
On the first day of option been traded, the hand accumulated all of them, in four days, they accumulated 30% of them, which explained why there was some persistent sell at 1.2c ... that was because those holders made 30% lucky money from options. Of course, the hand has been accumulating the shares as well, that plays to their hands pretty handsomely.
Now I think they have both options and shares under the control, it becomes an easy way to pull shares by pulling option price which is trading at a quarter of the underlying. for instance, it cost only $23k today for options to stand at 0.4c, which suggests the underlying share price of minimum 2.4c.
You watch, both silicon test progress and gold drilling commencement news are just around the corner.
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