possible corporate play

Octanex picked up almost another two million oip in the last week. Whats the deal here? Possibility of a corporate play?
Somethings well and truely up! If you are holding you must be nuts to sell until this plays itself out.
Look what happened to JMS. Wallowing at 15c then along comes a couple of interested players who pushed it to near 40c to get their 19.9%.
So far our predator friend has accumulated just 6%. He needs to buy another 13% to get to the takeover threshold.
Judging by the look of the buy queue he is locked and loaded!