can somebody explain why this has not gone boom!!!

I must be losing it as I cannot for the life of me understand what is holding this baby back. Announces sale of Ellendale Tenaments for $3,450,000 with a 1.5% royalty on any future profits which revalues SP to up 7+cents and not a whisper.

Anybody got any ideas? Maybe the fact that there are only 44 million shares available just makes this company too small. I don't know.