re: cheap rites. going up on the maths
You'd have to call the 25m bid at .004 serious buying, surely?
I posted on Friday that 175m rights changed hands at .002/.003, implying that as a negative.
Looking into it further, I've actually come around. Those early sales were clearly arranged, and the same broker, Bells, is bidding large lines all the way up. You might think these bids mere props - except that they were paying up at .005 for most of Friday!
