GE increasing its PDN holding looks good on the surface.Analyse...

GE increasing its PDN holding looks good on the surface.
Analyse their interesting past trading in PDN.AX and PDN.TO.
Earlier someone posted here that the stock price was the subject of manipulation.
Could be true and GE could be the operator.
During the month of September (and earlier) they were busy offloading on ASX while buying on TSX.
Arbitrage? Perhaps.
Could also be GE playing the robot game on ASX.
Which, in combination with current market forces, could be the reason for the current sp.
Some days GE only had a few ( <2000 ! ) shares changing hands on ASX.
In the latest reporting period, they sold no stock on TSX.
The just released Form 604 goes back to June.

GE’s motivation ?
* Averaging down their previous purchase price ?
* ‘Buying’ a seat in the boardroom ?
* Building a blocking 10% holding to be the driver in the event of a takeover attempt ?

Whatever it is PDN is still heading south towards the 3-year old levels.
Will PDN hit the $1.75/1.80 range today or next week ?

Shoot <:))