Macquarie hold 12.5m shares on their own account, not for someone else. They are v careful when betting their own dollars.
I think take over is the most likely scenario. Why farm in when u can buy the lot (sweet spot in the cooper) for a relative pittance.
This stock could rally to 30+ on no news.
The stock could be a dollar if SXY drilling results for unconventional gas starts looking the goods.