Big XT of 1,210,995 just went through... has to be top 20 with...

Big XT of 1,210,995 just went through... has to be top 20 with that size of a parcel... wonder if they are just juggling or if something else is going on.

I am hoping that a takeover offer is not coming... not yet anyway, they will steal MPO for a song, and all us long termers will be out at levels we thought were unacceptable under the old board. With QLD being sold though, I would suggest we are becoming a much easier target to acquire. Hopefully any suitors wait until the QLD asset sale is completed first, and that way the share price will have time to get back to more appropriate levels.

Interesting that August volume to date is 16m share or so roughly... which is about 6.5% of shares on issue.

July was 6.5m, June 8.3m, May 8.3m, Apr 4.7m
May 7.3m, Feb 9.8m (higher on WCL takeover offer), Jan 8.7m, Dec 4.5m, Nov 5.5m.

So in the 22.5 days of August so far, we have had double the average monthly volume already... if we get positive flow rate results that could be much higher yet.

Either way it is encouraging to see interest beginning to pick up, and a bit of excitement back with results upcoming. You would think they should be getting a reserve upgrade put together sometime soon.