I suspect if Ansteel do increase their holdings it will be a very quick accumulation. Don't they have 4 days or something to announce a change in a substanial holding (not to sure)? This news would re-rate to an instant BUY to the market. Hence they probably want an extremely low price because the sp will rise so quickly.
But there are so many other possibilities that could happen. A takeover attempt by another company at this price would be a joke, 30 to 40% premium only recovers what we lost in the last month LOL.
I just hope that the July finance announcement is not delayed. That announcement will make or break GBG.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
