My theory only - but someone is accumulating this stock - so sellers - please pull your bids & let them pay up !! They want it !! BAD so Bad They gotta get it now - or pay alot more later - so far they have done a good job accumulating - but now most of the weak sellers & profit takers have moved on from the rights issue - I,m sure the rest of us left are at least going to hold this thing for another 12 mths Razorback could be huge !!
Anyway - it will be interesting what mgt will do with the U assets - now stuck in ROY & also the GBG jv assets Oh GIR shares they are spiking - worth almost $3m to roy - thats alot of holes - somewhere !! Wonder how the share registry is looking Foo fat fung , chow me lata !!???
I may be wrong !! may be I'm right - maybe I'm just bored !! dyor
MFE Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
