La Mancha Resources, the 51% owner of Frogs Legs was up 22% last night to $1.14 - a new high.
Could mean anything. Someone else looking to own 100% of FL by taking out both companies? La Mancha about to make an offer for DIO? or an asset purchase of FL (not again, after Northgate) - or maybe Northgate itself looking at the 51% of FL before coming back for DIO in a different way? Or no relevance at all to DIO?
The possibilities are endless.. in the end I have no idea at all, except shouldn't be bad for DIo. Worth watching again overnight. Just google La Mancha Resources for a quote.
DIO Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
