Ann: Rights Issue results, page-14

Okay so what is going on here. MXR has had another spurt this morning and at just after 11 am was at a high of 5.3 cents. Is there some manipulation going on to make it more attractive to "sophisticated investors" to buy in and take up some of the shortfall so they can make a profit when they sell ? Or is there something else driving it ? I notice that TZN had its AGM today and in the Chairman's address there was further confirmation of the progress on the Bird-in-the- Hand application. Here is the link to that https://www.asx.com.au/asxpdf/20200521/pdf/44j06r273ztsjh.pdf
Perhaps the possibility that TZN could get approval soon could be driving interest since MXR would be due its tranche of $1 million royalty on that step. ?????