loved that curtain call and encore, page-11

Buddy we seem to be agreeing on a couple of things now ! LOL

M & G are now the number one holder they have around 17 million shares ( over 12% ) at an average purchase price of $2.48.

It is entirely possible that by using tree shaking and big red days in the general markets - capitalizing on black swan events like the Korean conflict and further potential bank failures overseas that they will get to 19.9% at an average price of around $3.

A curious thing for me is how easily they are achieving this ? Lets say Hypothetical The Xmen or OZL wanted to get a foot in the door it would be very difficult for them to buy any quantity on market. As soon as they got to 5% they would have to report sub holder notices and the price would run.

It makes far more sense to let M & G do the hard yards and if no one else steps up to the plate they can use every accumulation trick in the book to get their goal as no one is stopping them.

Xmen & OZL or the Chinese know that M & G will sell when the price is right its not like we have and end user on the books who wants the long term copper supply ?

So the big question is are they simply trying to get 19.9% because they know that's a very saleable and valuable parcel for the future ? Or are they accumulating ( nursing ) the stock for a predetermined nudge and wink buyer ?

Interesting times ahead. Eh !

Cheers Hoot