For the last two weeks, ever since Hanlong bought their 19%, this stock has been manipulated - the SP has been held in a tight range. Why? Because somebody is accumulating vast numbers of shares. Who? I believe it is Chinese investors.
Hanlong 19%
Three other Chinese companies each have around 3-4%
Two weeks (possibly even way more than two weeks - the tsunami threw a spanner in the works - prior to that the price spent several weeks around 49.5 - 50.5, give or take a few points.
Accumulating, accumulating - I did some basic calcs and estimated around 31 days of trading, accumulating 20 mill per day, would be enough for a takeover bid (Hanlong plus three Chinese coy's we know about - plus whoever else has been buying).
That's my theory anyway. I reckon this will happen before the end of April, maybe mid-April depending on when the DFS is formally released to the public. Certainly it won't happen BEFORE the DFS is made public.
For the last two weeks, ever since Hanlong bought their 19%,...
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