word around town is a hedge fund based out of luxembourg are accumulating, currently have more than 3% (they will be unmasked once they hit 5%). Not a lot of 'free' stock available, only about 10% of the 50m shares the rest are tightly held. If this is true, fasten your safety belts because with Mega already on 5% and a history of takeovers we should see interesting & rewarding times ahead. Next level of price consolidation should be around $1.20. Has anyone else heard similar rumours? Appears to me that someone has been selectively selling small parcels to drive price back into the mid to low 80's to purchase large parcels.
SIM
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