insider trading on a grand scale

BSL (and OST to a lesser extent) seems to have rallied from 1.12 to the 1.40s, on the unofficial leaks of industry assistance for steel makers:

But last week, OneSteel shares rose by 10 per cent and BlueScope shares rose 8 per cent as news leaked out of the extra compensation package.

Prime Minister Julia Gillard yesterday said she would not comment on the share price rises, saying markets would have ''plenty of time to digest and react'' to the carbon pricing scheme.
...
http://www.smh.com.au/business/steel-makers-get-300m-relief-20110710-1h8rf.html

Was the rally from 1.10s to 1.40s a "buy the rumour" rally more importantly, will tomorrow be a "sell the news" dump? Sure will be interesting (high volume expected either way).