Is it possible that it is something to do with the potential SNE merger in that any deal is likely to be scrip and it would be in ade and bpt's favor to get the volume weighted average price for say the last 20 days as high as possible in order to issue less scrip in any deal ? I am totally speculating but it felt like the buyer was either searching out the volume because of the amount that was on offer ( thus being able to get a good slice of the company very easily), or it could have been ramped on purpose to try and get this vwap up.
Just a thought and I am likely very wrong !
It could well have been someone looking for a strategic stake for a t/o block or something like that, but the way it traded suggested they were not price sensitive - they just wanted to get set or make it trade a certain price.
We will no doubt find out with time !
Eventually we will hold these sharp gains - just be patient !!
All IMO and pure speculation on my front.
ADE Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held