My theory (not really well formed) is that Centaurus is buying...

My theory (not really well formed) is that Centaurus is buying up at below offer price (must be around average 1.5) with the objective either

A. LionGold can't buy on market so Centaurus are building a book to then sell to LG @ 2c leading upto expiry or...

B. Buy a large stake take the 1:34 offer and dump LG shares or...

C. Build a blocking stake and hold out for a higher price from LG or...

D. Find a new buyer based on their own due diligence with management and valuation and flog them off to a higher offer

Any other theories??

I find it very interesting that they've taken a another 1% on thin liquidity, so they are keen. How much more will they buy?

Maddoc