I'm not a massive fan of spreading takeover rumours, but in...

I'm not a massive fan of spreading takeover rumours, but in HIG's case it would make perfect sense for the Chinese to take over HIG. They're in the process of accumulating cobalt around the world, not giving a percentage back to HIG and with a takeover they can push ahead with whatever development option they like with Frieda which apparently is being discussed between China and PNG.

The substantial holder notice plus the suspicious rise in price today looks interesting. If we shoot up tomorrow we might see a trading halt come through.