I think that hitting above 32 cents again will be the signal that it is ready to move. Last time this was speculation about an offer of about $1 being made for a placement as well as an extension of the debt.
I can't see that there is enough in current rumours and available information to drive a buying frenzy.
At some point however, the market may just realise that the "emperor is not wearing any clothes" and have a simultaneous realisation that the company is worth an order of magnitude above where it is currently trading.
I'm not likely to be a long term holder, but glad to see it appreciating at least.
Cheers
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