I doubt we will get that high yet when you consider the options...

I doubt we will get that high yet when you consider the options available this week.
Any corporate buyer could get themselves a 15% to 19.9% interest very rapidly with 325m 4c strike options expiring on Friday next week. I doubt they could buy that many shares on market without pushing the SP well above 4c.

If someone were to take everything on market upto 4c, and also bid on the options at .1 or .2c, with the capital to convert them before the weekend, lookout. There is a good chance they could collect a very good position of over 400m shares in a week, at around a 4c average.

The company would be cashed up also with A$13m incoming. All just food for thought and speculation on my part, but strategy will play a big part in whoever partners CLA in the future imo.