I don't know about "big boys" being the right term. The whole day's trade was "only" 352k. I'm a retail investor and you wouldn't need too many of me to kick this kind of action into place, particularly given the risk vs reward on this stock. Really one or two venture capitalists would easily generate at least this much action.
I don't think that the movement today was to do with information leaking out, primarily because as best I can tell that has not happened for this stock in the past. It might just be that people took the time to peruse the annual report and the ASX letter in context (of previous announcements) and realise that this is still the real deal - and a crazy bargain to boot!
In any case it was an interesting day, which took a little off the pain I feel at the current SP. Still sitting on my hands, and looking forward to getting beyond .37 so I can at least break even! Not that I am going to get out at that point, but it will be nice to be green again (ignoring opportunity cost).
RA
Ann: Annual Report to Shareholders, page-132
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