All fair points @madamswer. It is always good to get perspectives on prospective or actual investments from those who are more in the know and come with the experience that you posssess, warts, battlescars and all.
I view (rightly or wrongly) BWX as an attractive takeover candidate, especially from a trade buyer. That was the case before the shocking trading update and surprise cap raise, and the case is firmer now. Tatterang increasing their stake (and also being associated with Twiggy) is curious in that context. That doesn't mean ordinary shareholders are going to get a good deal though - but it is a put option of sorts.
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