Takeover chance would be low IMHO. Stones own too much of this stock for anyone to take it. Recent buying could not be them (I think) - they would have to declare it as directors / substantial holders.
We've been in an odd situation in the last few weeks with opposing forces. On the one hand we have had a huge overhang with a stack of Con Notes and options maturing. On the other hand the ducks were lining up with lots of new wells getting connected, production increasing, RBL, a war chest for aquisitions / accelerated development. I think these forces have played out over recent days and it seems buying pressure has won out.
Given the bots, X-trades, special crossings, and lack of ramping; I would imagine its a new insto making its move before the news flow hits over the next 6 weeks.
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