capital raising, page-40

If enough holders thought that SXY was heading sub 74cents in a meanigful way then we would already be there on big volumes.

My view is that there will be serious accumulation by those unsatisfied institutual and sophisticated investors and that many others (holders or not) will be looking to join those prepared to invest $millions at these prices.

As someone here said, of course they would invest at 74cents.

Yesterday we saw evidence of this buying particularly on the back of more positive news. A positive day on way over average volumes, within the general market context, bodes well I reckon.

The lead up to July 11th will of course determine the success or otherwise of the raising. So I see more accumulation ahead and a likely successful CR.

Commiting or not to the raising is the next question, but it looks obvious to me.