It's significant volume with a higher price so we have some very...

It's significant volume with a higher price so we have some very committed buyers who see the capital raise and the implications of high demand as a strong positive for the (imminent future) fundamentals of the company.

But equally we have lots of shares on the sell side. It's a great wrestle to watch. The 30 month history (as pointed out in the chart above) suggests that the price might retrace again as the capital raisings do set a "sticky" floor to which the SP seems to retrace.

However on this occasion I think there will be a steady flow of news to support volume of trade. It would take a stinker of a quarterly or some other "bad news" to derail the momentum from here and see the stock retrace to under 9 cents.

Fairly quickly now the story is being de-risked but we still need a bit of proof in the pudding to justify a market cap of close to $100m.