Who would.. seems liked they exercised there hegemony to lowball us with a 2% royalty when no doubt we could of negotiated a substantially better deal. Of course our old board notoriously blundered their way through the majority of touch points from mining to signing so it was a case of being absolutely being par for the course.
I always thought a take-over would involve an exceed demand over supply necessary resulting in an elevating share price.. how an entity can build a position with a falling share price suggests to me .. trickery, suppression and manipulation .. ASX facilitates such activity so afraid its a case of staying away from such manipulated stocks if at all possible.
Check list for investing (revised)
* Excellent resources with a path to large future profitability
* Great Board
(NEW!) A stock not being manipulated by hedge funds (or with a strong White Knight SP protector like KDR!)
BGS Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held