What appears to be happening is that the shorter is running to...

What appears to be happening is that the shorter is running to cover. Today 700,000 shares traded and 7 cents higher. Another day on the run. But what they are doing is to try to conceal the fact they are trying to cover.

The evidence suggest (5th day of 400k+ volume and 5c+ increase) that they are buying the stock, but instead of using that stock to shut out the position in real-time they are holding it on a separate account as a "hedge". This way they provide the veneer of being cool and holding their short position via public facing tools like ASIC/Shortman, when in reality they are scrambling acquiring stock in a separate account as cover to cross/close out the short position at a later date.

The Bennelong Substantial notice is also a crock. Saying you bought 5.88m shares ON-MARKET in one day when that many shares didn't trade AND at a price that it hadn't seen for two (2) weeks prior suggests that this notice is intentionally wrong to hide either price, off-market, lateness or a combination of all.

Whatever the case, shorter on the run.