Yeah nothing crash hot aout the buying... they seem patient to accumulate the stock with U orders.
Takeover is possible but I think investment funds are moving money towards it away from the majors... could be because their starting to believe again in the story and are prepared to pay a 20% discount to the NTA.
MIM looks good, days like this show us how much in favour it really is.
Another one to keep an eye on is FGL. Fosters is showing stubborn resistance at these levels... it could be that investment funds are seeing it secure cashflows at a reasonable prospective PE of 14-15.
