dio has experienced some rises in s/p recently, up from approx...

dio has experienced some rises in s/p recently, up from approx 7.8c to 9c approx, and on one day hitting 10c
because of these rises,i now beleive the underwriter has placed any overhang of stock to customers or other investors, and that dio will now move on its own merits.
wasnt a resource upgrade expected in july?
its only my opinion, but considering the way it flew from 8c to 10c the other day on massive volume , coupled with any decent upgrade, i anticipate this stock will exceed 10c and more.