Mac Bank have now bought over 15% or some 350m shares at higher average prices than this. I would have thought thats telling the market something. its NPV is north of $4.50 and trading down here is a gimme for the mac bank guys to keep adding to their position. keep your eyes out for them increasing their holdings towards 19.9% and then stand back. It makes a lot of sense that they will buy this out right imo.
There are also 18m shorts in the market. good luck to them if this comes....DOA.
This might also mean that MAP would run as the shorts wonder if they are next. time will tell. dyor.
Mac Bank have now bought over 15% or some 350m shares at higher...
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