Takeover chance would be low IMHO. Stones own too much of this...

Takeover chance would be low IMHO. Stones own too much of this stock for anyone to take it. Recent buying could not be them (I think) - they would have to declare it as directors / substantial holders.

We've been in an odd situation in the last few weeks with opposing forces. On the one hand we have had a huge overhang with a stack of Con Notes and options maturing. On the other hand the ducks were lining up with lots of new wells getting connected, production increasing, RBL, a war chest for aquisitions / accelerated development. I think these forces have played out over recent days and it seems buying pressure has won out.

Given the bots, X-trades, special crossings, and lack of ramping; I would imagine its a new insto making its move before the news flow hits over the next 6 weeks.