at some point in the near future the month high of £1.38 of may 2008 has to be taken out and what your forgetting is there is still share holder holding stock up at these levels most probably institutions and thay will force the price back up there using there own money to buy and sell making out the volume is increasing
news isn't the catalyst for share increases its normally the opposite and the proffesionals are selling into that good news volume is the key as any good day trader will tell you
if you look at weekly charts you will see the next high at 6.37 so that really the next target and above before a pull back to 6.37 before the next up move
looking at the charts we should take out the high of 1.865 next week we could be well on the way to 5p very quickly depending on volume