DEG de grey mining limited

Stealth T/O Bid?

  1. 2,821 Posts.
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    Need the TA Crew on this one.

    From 2 December there has been a notable increase in volume with no corporate news from our dear BoD. With the BoD selling out for scraps (it better be huge for them because that's all they got left after selling their reputations) the only game is arbitrage. Arbitrage trading certainly generates volume but not this much. So...

    ... I deduce this is a very real-money t/o bid, based on: volume; sp rise; hope and beer. (Spoiler: I'm unapologetically Bullish DEG)

    So... is this a t/o bid? A reaction to NST's sp? Or my observation not much more than a backwashy beer burp?

    My bet, literally, is that a super major is going to show the DEG BoD how adults do business, ie. profit to the shareholders!

    OV
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