The announcement is obviously made to stablise the share price so impatient or unconvinced shareholders hopping in for a ride won't push down the share price too much.
Smells like a new share issue is coming, hopefully this time to BHP at a much higher price than the current price, like when Woodside bought into Hardman a few years back.
It is good to see some large shareholders are there to defend the share price on weakness. I think this time may really be pay-off time.
I am still buying on dips.
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