Could be a fund buying and then selling into the offer,...

Could be a fund buying and then selling into the offer, conceding a small pip to get to plus 51% is a lot cheaper than having to buy after the event for possibly a lot higher.

Lets say they get 51% -70% and then centro approval comes through or something else which is a game changer and will cause a re-rate in price. Those that didn't sell in the offer surely aren't going to sell for less than 17 cents, therefore, the price could go above that and be much dearer for them to acquire more shares.

They have obviously taken a rest now so the arvo activity will be interesting and good to see it all on market buying