With less than 1 million shares on the sell side and 3.33 mil on...

With less than 1 million shares on the sell side and 3.33 mil on the buy side it would not take long to push the price up.
My take is that the artificial in the AFR is not entirely responsible for %20 move on Friday.
The books being on display for the potential partner/buyers could have exposed some gems in the work book, and that could have triggered the strong buying.
If history repeats itself we could see massive leaps this week, all the buyers who bought in the 80's want to some profits even as day traders.

Daily Gross Short Sales reported for 06-Feb-2014, ASX Limited (ASX) & Chi-X Australia (CHI-X)

No responsibility is accepted for any inaccuracies contained in the matter published.
Securities that have had no short sales actively reported for the date shown are excluded from this report.

Some punters have 338,132 of FGE shares still on short, as the data is delayed by two days one can assume they have closed the shorts on Friday, and that would have also been responsible for the spike in the Friday morning.

Shorts for the 6th of Feb.

ASX Company Name Product/ Reported Gross Issued % of issued capital
Code Class Short Sales (a) Capital (b) reported as short
ASX + CHI-X sold (a)/(b)
FGE FORGE GROUP LIMITED FPO 338,132 86,169,014 .39