Absolutely. 4.7 cents and no news - seems pretty crazy to me!
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No speeding ticket from the NZX?
It only takes one buyer with an agenda of some kind, or playing a hunch. Volumes have been really very modest when you consider there are 1.1 billion shares on issue. The news has been good recently, and someone may have an inkling that some kind of deal is on the cards.
There is no smoke without fire.
Those of us old enough to have had to light fires in the living room know all too well how easy it is to get smoke without fire!
The whole thing could actually simply be price discovery. The price was lower before, but so were the volumes. If you wanted a lot of shares, you might feel inclined to make a fuss to try to shake some out of the trees. After all, around 4m shares changed hands yesterday in response to the price rise. Or maybe it was something else.