the dogs are barking

The dogs were starting to bark really loudly when AQUACAROTENE
(AQL) rose 0.6c to 3.6c on what was for it huge turnover of 1.07 million
shares on Wednesday (actually, the dogs had been yipping pretty well
since 2.3c on August 8).
Yesterday it was showtime.
The shares shot up 2.1c to 5.7c before closing at 4.9c on
more-than-doubled-again turnover of 2.3 million shares.
This followed a revelation the company will soon make an
announcement on a placement which, in addition to the revenue
established from its mining lease JV and general fill material, will be
"more than adequate" to provide sufficient funds to continue operations.
The company said, in response to a query from the ASX over its
Appendix 4C (not a share price move query), the capital raising had been
held in abeyance until developments of discussions with an Indian group
had taken place.
The company has entered into a joint venture agreement to peruse
a residential subdivision of its mining lease in Karratha in WA.
Ah yes, real estate, now we're talking real money.