I doubt the shares will go beyond $1.80 by much. The key driver...

I doubt the shares will go beyond $1.80 by much. The key driver seems to be the AUD/USD. Once the FX goes down, the warrant holders (who I assume hold an illiquid asset) borrow stock from the super funds, short sell and take the money overseas. Other hedge funds come in for the free lucnch.

Nothing will change until 2018, when those warrants get exercised or knocked out. Liesdamnlies is pretty good with his analysis