Forging more than a Roy Hill fortune?

Recent interest in Forge Group’s stock suggests something more strategic could be at play than simply a reappraisal of its prospects following developments at Roy Hill.

About a month ago Forge Group shares suffered an extraordinary implosion after the engineering group had a near-death experience. This morning its shares spiked nearly 66 per cent in volatile trading on heavy turnover, suggesting either the worst is behind it or there’s something more strategic occurring.

There is an obvious explanation for why the shares leaped 67 cents to $1.69 in this morning’s trading before falling back to about $1.42 at lunchtime.


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