The market action in RFE appears to have been showing some...

The market action in RFE appears to have been showing some buying strength in the last couple of days.

I anticipate two possible scenarios:

1. Based on the "leaky ship" premise which some here have referred to, and to which, I subscribe, it appears there may be some positive news around the corner - perhaps confirmation of the debt covenant waiver or further asset sales to raise funds?

2. Given the cash position, the price may be being walked up prior to a CR?

I'm suspicious about the 2nd possibility, even though in their recent 2014 forward planning announcement the company stated it would live within its means and the implication was that it would avoid equity raising (instead opting for JVs, asset sales, etc). I guess we'll see soon as either way imo this price action will lead to something being announced.

Cheers, Sharks.