I believe that it rallied this week on the presentation they...

I believe that it rallied this week on the presentation they gave in the US last Friday, stating that they were looking at refinancing and hadn't received any negative reactions from the bankers. That led people to think the refinancing announcement might be imminent.

No announcement, so retracement. It may even retrace all the way back down to where it started the run, if all of the short-term traders who jumped in for either technical reasons or announcement hopes, decide to exit over the next week or so.

The fact that its price can double in 3 trading days, based on a single statement about refinancing is, however, a big positive IMO. It means the 7c-9c level is pretty much bottom for the moment and that any good announcement could see things back to or over 20c very smartly.