Bad news is certainly a possibility but difficult to see why MTQ would increase their position only a month or so back without being satisfied about something. With a presence on the board they would have had access to the financials and forward contract book and they seemed happy to top up their holding in the mid to high 3s. Hard to see what could have happened in a month to change that.
Totally agree with the fact that it's going nowhere without solid figures however.
takeover, page-6
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