Only reason is that once they hit 5%, they have to advise the ASX. Then everyone knows so the price zooms up. Then, when they hit 20%, they must make a takeover bid and (a) that will carry a big premium and (b) will have to pass an independent test against fair value. I'm sure someone would like to buy all the shares at $1.70, but it can't happen.
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- time for an announcement... management