I think the up is caused by the revelation that the ex BNB people are the ones buying up the big parcels and have been buying into the shares since Feb.
Someone today obviously stepped up and swallowed the 1M on sale at 24 cents and got rid of that from the sell side, so it looks like someone means business.
I think the debt review at the end of June will also have something to do with it and the newer shareholders of late will want an early conclusion rather to realising the NAV.
Hopefully that is what happens.
MXQ Price at posting:
24.0¢ Sentiment: None Disclosure: Held