why perilya limited???, page-2

It wasn't JD, it was Robert Orr (CFO) who mention it. He was just making it as an example. Perilya is a bigger company than IBG, also a zinc explorer/producer, was in similar situation like IBG, where (Zhongjin Lingnan) will become a major holder of Perilya. SP went up from 0.1-0.35 (350%) in 2 months. Everyone knows it many months ago even before the announcement.

We also know that NFC (CNMC) will acquire 20% at a particular price once the EPC is announced. It is just hasn't been announce yet. So, particular holders/institutions/whoever are increasing their positions. This creates SP shoot up without any official announcement. Technically it is legal & not breaching ASX code of conduct.