I also would like to back up my view on why I think big fish have been buying.
Every day I am seeing on average around $5m worth traded hands.
This is very unusual as not only is it 10% of the shares on issue but it has been going on for a few weeks.
This tells me that there is a lot of interest here as usually this value traded for a $40m market cap would be $400k and not $5m. I know this from looking at my other holdings which after some good news end up with no interest in them even thought they are undervalued.
I always invest in companies that have the market's attention because it means lot of other people have the same view and will probably mean lots of people are wanting to buy in.
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