"Tell me they didnt know that a take over was going to take place before they started buying?"
Scrolling through the buying, I fail to see anything sinister. The majority of buying took place from early December and early January. And the fact that the parent Fidelity fund is from Boston, the subsidiary fund from Bermuda, it's not likely they were here in Perth sharing evening drinks with IGO and JML management. Over the years I've had several one on one meetings with Gary Combs at JML's office. One reason I have always believed in JML is both the prudence and honest candor of Gary.
So, Nicholas, you are alleging illegal and corrupt behavior, is that correct? From Fidelity Management, one of the worlds largest and most respected fund managers and JML/IGO? Serious allegations.
Being an investor as you are, then you would be well aware that Fidelity is Peter Lynch's company, who is almost universally acclaimed as the worlds greatest stock picker ever, and author of some of the best investing books ever. Do you honestly think one of the world's largest funds is going do something illegal over what is at maximum, a twenty million dollar investment?
I topped up a few more two weeks before the ann. Was it sinister, or luck?
Meanwhile, longer term. I'm believe the combined entity will be positive.
JML Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
