We can safely assume that a large buyer is in the market and...

We can safely assume that a large buyer is in the market and likely acquired at least 15 million shares so far. And in 3 trading days the share price has increased by more than 30% as a result.

So what happens when more buyers of this size continue to enter the market building positions? Remember the company is now at a stage where the fund managers and industry players can buy. Some of these groups might look to buy at least 5% of the company.

Secondly, has anyone considered that there’s a very good chance IHL will go into the ASX300 index in March. The company has sufficient liquidity and market cap so they’re a red hot chance IMO.

If that happens then all the index funds will be mandated to hold a position in IHL. What do you think all that buying would do to the share price?