Your point is valid, but don't forget should any on/off market buying exceed %5 the substantial shareholder disclosure will get triggered. Now how long do you think the price will stay low if names like Monadelphous Group, NRW Holdings is announced buying on market. If you recall blackrock sent the share up by almost 90% in one day, and that was just buying 5%. Correct me if i'm wrong my understanding is that they need %20 and more for a hostile take over.
Cant see that happening here. any buying pressure and the price will run, i'm waiting for a full assault day on 2.00 price and with almost %35 move in two days its getting set for that just nicely.
FGE Price at posting:
92.5¢ Sentiment: Buy Disclosure: Held
