how this may play out

I suppose there is lots of ways this may play out but this is what I think may happen.

I expect a substantial notice in the next few days but don;t expect to exactly know who we are dealing with. A 3rd party purchaser is likely that may then do a deal with the parent when and if a takeover comes. If we find who the player is then things will change quickly.

I expect that trading will continue after the substantial until they are able to get a big a slice as possible. It would cost about 10mill to get the 20% mark at 6c. They will probably have to start paying up as the shares thin out but expect the bid to come once the sp starts to sneak up.

The unknown is how far are they prepared to push it until they pull the trigger and finally announce their intention officially.

Interesting times ahead.