what is happening

I think what is happening here is that only punters dominate the share price. We would not be able to see a big up until value investors esp. institutions come in. But they can only come until the formal doc is signed on 15 Jan, as their interl risk control probably block them buying now.

But if we buy then we will not make money. So although I am a bit disappointed by the current share price I am comfortable with my position.