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As per the announcement released on Friday, fmg is on track to deliver. If so, expectations have been met and doubters will be proven wrong, hence re-rating of stock, or perhaps other factors are at work, such as the fact that traders do not need to pay for stock until 10/1/08. Could be plenty of room to run given MBL had range of prices from $28 or so to $128 pre split or $2.8 to $12.8. Would seem that the high end of the range is in favour at the moment. Note also that many of the big end of town were in the doubters category having lost plenty when last involved with Twiggy, they now have to buy in if they are to match the index and or improve their returns. Lets wait and see how this all pans out in the long run and see who is proven right. My pick is that the retail investors have called this one correctly, as they did with Paladin when it ran up to $10 - all the best to all