Someone could have been picking up a lot of cheap shares over the last week. Have not tallied up the volumes but I would see possible strategic positions being taken by various entities.
e.g.
If BHP were serious about a counter offer they would be setting up a position via "on side" institutions.
Also mining investment companies who may be in a position to know another offer is in the wind.
Finally why wouldn't the suitor themeselves be accumulating "on market" at a discount prices via Aussie nominees.
Scenarios are very interesting and don't underestimate the quality of the assets.
- Forums
- ASX - By Stock
- maybe mm can get it cheaper from a va
Someone could have been picking up a lot of cheap shares over...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)