This update about Lon Wong was 2 days ago and seems to coincide with the price rise.  The price increased after Lon Wong made an update on his Linkedin.  

I think investors must be very bullish about Lon Wong.  Lon Wong's updates in June / July is what sent the marketcap racing upwards to $30-$120 million mktcap.  I think the smart investors are seeing it as a very positive sign that Lon Wong is now the leader of NEM.  Lon Wong seems to be the most qualified and best candidate for the position.

Keep in mind that wasn't a guarantee or an obvious fact in the preceding weeks, month or even year.  For a time it looked like Lon Wong had no interest in leadership and was instead doing his own thing at Dragonfly and other ventures.  Seeing the update about him being President was actually a surprise for me.   I didn't think Lon was interested when NEM Malaysia association chose Rene Bernard as their President and Lon Wong was absent.  It looks like instead Lon Wong was to become the President of NEM international.