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By Rudi Filapek-Vandyck
Lihir Gold (LHG) shares are enjoying the pleasures that come with a surging gold price today, or so it would seem. Circa 30 minutes before the closing of the market the shares are trading 17c (5.21%) higher at $3.43 in an overall positive market.
However, trading volume has run up very quickly today and is currently around three-fold the usual daily volume over the past three months.
According to our market sources, rumour has it a takeover bid will be announced after the market has closed with the suitor putting $4.20 on the table.
To be continued, without any doubt.
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