I don't think many traded around these levels. It IPO'd at 20c,...

I don't think many traded around these levels. It IPO'd at 20c, and has never raised any money below 20c.

Today's action has so far been sedate, by I will expect it to move much higher in the short term on a few important factors.

1. Big money will start buying on market when they realise the shares have already been allocated (and by all accounts, allocations were only partly alloted).

2. As due dilegence is done (which takes time), new holders will start buying - and holding.

3. The Alcoa deal is still in the wings. This alone has the potential to add $5 to the share price.