I haven't been watching price action closely here live, but...

I haven't been watching price action closely here live, but interesting looking at course of sales the past 3 trading days there has been minimal volume then out of nowhere mid to late in the day roughly 1mil in volume has smashed into the ask.

I think you can pretty much throw charts and the spread out the window when all the action is coming from off the screen and out of character like this. Sometimes you've just got to smile and enjoy what's happening.

Question is, has someone heard a whisper, is someone buying in anticipation of the hinted acquisition (which seems a safe play in itself given the minimal EV) or do they just see a company with minimal EV, a fat stack of cash and a tantalising although long term asset which combined present an incredible opportunity to realise value?


Will be interesting to see if this recent buying continues or cools off.