Well now we know who's been buying up big.. Alceon holding a...

Well now we know who's been buying up big.. Alceon holding a huge 18%. So here's what we currently know:

- Anchorage has made an approach and it appears DD is continuing.
- At least two other parties have also made an approach, and of this one seems at least slightly serious.
- Alceon either believes this business is seriously undervalued or (more likely) they have a high degree of certainty a takeover offer will eventuate and want a strong enough stake to ensure they are in a position to push the bid up.

Add to that a pretty sensational looking chart and all the stars seem to be aligning for this one to go big. I will be adding more on Monday.