agree. Very strange and rare. But, do you know what else is very...

agree. Very strange and rare. But, do you know what else is very strange and rare? An actual ASX spec becoming something other than a spec.

for mine, I see 80% of the ASX specs simply being run by management, for management.

5% being operated with a view for buy out.

15% being run with the genuine intention of making a profitable business.

of that 15%, probably 1% make it (FMG etc).

of the 5% aiming for a buyout, I’d guess the percentage is a little higher. So, for mine, the ‘buyout’ stocks are my preferred.


all this said, I take great comfort in the fact that the buying activity is unusual. As stated, it’s incredibly unusual for a spec to do what it’s intended to do.

if it were behaving the way the 99% of specys on the ASX do that fail, I’d be far more alarmed.