Already 10M shares traded, line wipes at 54.5 and 55c,...

Already 10M shares traded, line wipes at 54.5 and 55c, relentless buying after the morning started off with no bids on the screen is serious amount of smoke given it's 4th day in a row and still rising price. No sub notice yet is interesting, if it's multiple players interesting, how they all came to be in the know at the same time is interesting...

Possibilities well understood are new bidder getting set, blocker getting set. What if Tianqi sweeten the deal with a modest lift in price to get it over the line (say 10-15%), which was always a chance if they felt they needed to. Never made sense their first offer was all they had in the tank. All well and good if it happens, but makes me wonder who knows and why that info would be spread around like it has. Can't imagine multiple buyers risking a 10% loss on large volumes based on no knowledge.

The ESS BOD might know the vote is set to fail as they have access to those already voted and would have canvassed the intentions of larger shareholders who could make a difference. Tinaqi probably also in the know. So if it turns out no new bidder or single blocker at play, then the market is simply frontrunning a higher offer they know is coming. Hedge funds don't have access to votes or intentions, so how/why would they suddenly get confident in a greenmail startegy last minute when the only sub-holder hedgie (odey) dropped that plan and sold out for a loss ages ago??

All very interesting if smelly, but a good outcome for holders even if the suspense is annoying me haha