mystery accumulator takeover possibility

I asked my broker today about which broker has been accumulating CFE in the past 3 weeks

He said to me that UBS abd ABN were almost the 2 sole buyers in the past month. Both these brokers don't even cover this stock. Therefore I think that they are buying on behalf of someone big (I also hope this is the case)

I am just wondering if there is someone loading up to take over CFE outright and block the MCC deal

I think Citic paid for an equivalent of $AU600 million for 2 billion tonnes of Magnetite and CFE sold their's for $400million. CFE stated that they will have another reserve upgrade in June/July.

I am just curious whether its just a market revaluation or indeed there is someone in the background.

Either way it shoudl e good for the share price

Good Luck