Ann: Becoming a substantial holder for KNL,KNL-CBA.AX, page-102

I suppose it depends on what you were after ddzx. If it’s a shot in the arm, then you’d be right (kind of, see peer-comparisons below from when the CBA position was announced). But if you’re after confirmation that the fundamentals and management of KNL are sound, then it’s the biggest vote of confidence KNL has received. Or any graphite play for that matter.

Since the announcement I will point out that the stagnation appears to be sector wide;

10/10 17/10
MNS ~$0.825 $0.77
SYR ~$3.75 $3.70
KNL ~$0.22 $0.22

Finally, I have my suspicions CBA are up to something with their ongoing trading. CBA are an active fund manager and trade in and out, up and down, around and around. Since their initial stake they’ve been a regular manipulator, and buyer.

Watch this space as we try and decipher their intentions, which I do believe to be long term and positive.