$1m raised at 3.7c, page-6

Seems a little weak an announcement to explain the run recently. But the timing is too coincidental - this has to have leaked.

So we have a flurry of interest over a relatively minor capital raising to new instos. Might those instos be Chinese? Might it be the potential of this deal, and what it signifies for the future that's getting people interested rather than the fact Cougar raised enough money to last only another few months?

Cougar's always been a tight ship too, which suggests the leaks are coming from the new partners' end. If so, might be worth keeping an eye on future runs like this as it might indicate confidentiality's been lost over an imminent deal.

Just rank speculation of course, no hard evidence for it. But you don't sink money into a company that's merely put off its death for another few months with a minor cap raise. Where there is smoke...