53c and 55c are all calling the bluffs, these could be wiped any time if they are not quick enough. They are there to push the price lower so that they can accumulate more. However, there is more than one single player now, with different time frame and objectives. BGS is way undervalue, so a buyer coming in and pay up to 60c immediately is no surprise. I can see buyers coming in already willing to buy more at this level already.
BGS Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held