Good finish but I'm a little suspicious as there are BOT like trades in there. (Numerous small ones) What I think is happening is the BOT that was short selling CFE prior to the TAX assessment saga has been caught out and is now trying to raise the SP to recover their losses.
I don't think, and also hope, that there isn't anything else happening because if there is something happening and there hasn't been a trading halt or an an announcement it could be a sign of information leaking which is a bad thing.
Therefore I just think it's the BOT that's been caught out. But then again I could be wrong and perhaps someone has figured that CFE is way underpriced and a great buy.
Or maybe someone in MCC knows that MCC cannot pay the $80mil so we are getting Cape Lambert back. On maybe they are going to pay?
I don't know but an upward movement of over 8% is very welcomed.
CFE Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
