a multi bagger acquisition on the horizon?

Company has been targeting an acquisition for over 12months so what's different you may ask? 2 things

First this following paragraph appeared in the last quarterly activity statement

"NEW PROJECTS
The Company is actively reviewing new projects to acquire and/or invest in both in Australia and internationally. The Board believes that in the short term, the Company’s growth will come via such a new project."

And second and more importantly to me the Chairman of the company Hugh Warner was aggressively accumulating shares 2-months ago. Since then the stock has been quiet, keep in mind there's a 2 month lock out period where nothing material can happen after a director buys or sells shares

Look at the chart to see what happened last time in 2009 the company did an acquisition from these levels it went up almost 600% now I'm not saying that's what will happen because first we need an acquisition and second it needs to be a good one but the chart should give you a good idea of what sort of parabolic returns might be expected depending on the deal