With the outcome of the HIP now locked into another legal round in the Federal Court of Australia I could not see anybody mounting a take over for CAP apart from the same parties that are currently trying to take over the BOD.
It looks more likely that somebody is simply buying votes prior to the SGM and are prepared to pay heavy price for these shares or votes.
Are these parties friends of the CAP management or are they from the other side?. At this rate if they were the same person they could acquire approx. 4-5m shares or votes prior to the SGM. This number could win the day for either side.
CAP must know who is buying. Could they enlighten everybody with an announcement.
CAP Price at posting:
29.7¢ Sentiment: None Disclosure: Not Held
