all the signs are there...

  1. 10,543 Posts.
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    There is too much ground stamping and bulldust kicking going on here for an offer to not be about to lob.

    Every paper you open has speculation about it but not a mention here on HC so far today.

    I like the look of the average bid v's offer size with buyers vastly beating sellers. Looks to me like institutional buying. $1.45 seems to have become the floor which was the old highest high from May '01.

    Probably worth having a few imo especially if it has a chance of being a contested takeover....not many of these old Aussie resource conglomerates left at these prices is there???
 
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