Not peculiar at all.
In fact I'd say that this very usual for a bid that has been recommended by the board.
Trading very close to and up the offer price.
Kidman resources did exactly that during the WES takeover for their lithium resource.
If we start trading above 50 cents, I would take that as a sign that a higher bid will be forthcoming. Buying from insiders and/or a new bidder would potentially push us just over 50 cents.
The buy pressure is ratcheting up slowly - so I'm optimistic about an alternative bidder in due course.
Not peculiar at all.In fact I'd say that this very usual for a...
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