icn about to break out on open, page-15

Fishinnick, I really don't think the current price rise is dependent upon takeover expectations. There is very solid buying as people are probably positioning themselves for what has been reported publicly and the market is simply playing catch up with all the other shale and Cooper Basin companies that have stellar price rises.
Sure, there is "speculative" money in there and that is quite natural as the fluctuations in the SP are a magnet to traders and the 50% jump since january is also supporting profit taking for the ST traders.
There is now over 3.5 million difference between the buys and the sells and some VERY solid buying taking place.
.30 IS a huge hurdle and will continue to be difficult to breach, but, the trend is substantially upward and supported by large buying. That is a classic lead up to a break out through "psychological" barriers such as .30 is for ICN.

It is looking as good as it has for over 12 months and all that we need is some news from the company itself so that the SP is not relying entirely on catch up and speculation.
But, there is clearly enough on record already to justify what ICN's SP could potentially reach once those activities commence.
And to call it over valued suggests that you might need to do a bit more research. Start with AP855 and the China GSA and do your own sums.