Yes, and significant that the 14c option strike price hasn't...

Yes, and significant that the 14c option strike price hasn't provided as much resistance as some might have expected.

The company is in a much improved position now with the capital raising out of the way and a very good chance of realising significant cash inflow from options exercise within a year.

One of the factors depressing the share price so badly was undoubtedly insider knowledge of looming capital requirements and the inevitability of a discounted rights issue. Touch wood, there should be no need now to raise further capital in the forseeable future, with a large number of in-the-money options on issue. Unless it's for something very specific and worthwhile like a large scale rollout of lockers or some such thing.

The general lift in market sentiment has helped, but a rise from 7c and staring at the abyss, to 16.5c without a lot of selllers, is more than just overall market senstiment. We're seeing a re-rating. Let's hope a robust one, as the stock has proved very fragile in the past.