still no sign of substantial shareholder moves, page-9

No, they can creep 1% per 3 mths. Alpha is sort of right though. They are investors, not leveraged buy out players, so I doubt they would go above 19.9%.
However, I am pretty certain that there are other shareholders that will buy if it gets much cheaper.

Alpha Centurion, not being in the resource sector does not make a stock a dud company. Need I remind you of the paradigm shift call by "eminent and respected market commentators" in Feb 2000!!