I think people are loading into this as they've seen Viralytics (VLA) and Sirtex (SRX) get takeover offers so are punting on which will be the next to get taken out on the ASX
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch