I think one of the biggest factors behind the price rise is the Havelock market buy volume is quite small. I understand that one investor was forced to sell and put several thousand shares on the market over over a period.  This depressed prices[1], and now that investor has sold them all the price has moved up to a point where buys and sells are balanced.

The other factors I listed previously also apply.

I'm in for the long term so I don't really care what the current price is other than I could pick up shares really cheap and now they have become more expensive.

Andy


[1] It also allowed me to pick up shares cheap