As you can see they had an announcement eerily similar on May4 to ours yesterday.
Total of 23m shares held, mostly bought in March at $1.10ish per share. Currently $1.59 with a hostile takeover by Eramet at $1.46.
What I surmise from the above is that we now have a very large institutional holder with deep pockets and very savvy operators who have gone substantial on us and who I assume want more imo.
Their timing seems to be impeccable too.
Bring on the JORC,PFS,AGM and deals.
BGS Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held