ARL chart, page-1968

I also doubt they are finished accumulating.
Yesterday was a classic raid of the locker, they pushed the price down to trigger stop losses hoping for an avalanche of success.
They found very few are using stop losses here. The low volume is a result of few stop losses being triggered.
Had they tried this strategy elsewhere there would most likely have been an avalanche of volume unlocked.

They have also probably discovered that the demographic of investor is above that they would expect in a small cap, we are probably more savvy and seasoned than they anticipated.

The other thing they are discovering is that we are not traders looking for a quick buck, we are in for the long game and we actually know how valuable these assets are.
We are also well read and researched, help each other and stay informed for the better good.

If I were them (the buyers wanting a stake) I would do the right thing and make a phone call to the biggest shareholder, the Executive Director and the man that essentially drives Ardea. Ian Buchhorn Tel (08) 6244 5136.
I would engage him over a cup of coffee in confidence to discuss your desires and plans for Ardea.
Establishing a long term relationship with hostility behind the scenes may not work in fostering trust and a best outcome.
In my humble opinion.
RED