BYE 0.00% 13.0¢ byron energy limited

is a takeover possible before drilling results

  1. 571 Posts.
    Uni.With apache energy,epl,mcmoran and a number of hedge funds surrounding Byron energy's drilling prospect early in the new year there has been some very interesting trading in the stock this week.The stock was going through all week at 80 cents and then yesterday there was a very concerted effort to push the stock down to 74 cents during the day and right on the close .I ask the question why sell at 74 when 99 percent of the stock with very good volume was sold for 80 cents during the week. My question is someone trying to keep the stock down before a takeover offer is lodged?
 
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