I wish I had a better idea of what is going on, but it's mostly just my gut telling me that there's something significant happening that hasn't yet been made public.
There isn't anything significant to happen though.
If Teck were actually making an offer they would have had to halt the stock to explain the rise. Just the fact that they haven't means it isn't happening. They are allowed to keep negotiations secret, but not if the stock acts like the news is leaking out. Therefore, we have to assume that there is no news.
Even if VD sold it might give us 15 cents a share so that can't explain this big rise in value.
Maybe it is the bullish turn on copper, or the fact that we have cash again, or the market recognizes Teck is hungry for copper and is spending still on our project, or someone likes the look of VD at PDAC? Or someone who knows something believes that Teck will put this into production?