massive buying...breakout on, page-8

that's funny regarding bagging the company in the past month, whatabout the last 10 years? Perhaps Iam the one carrying too much baggage.
Octopus and of late Oyster with EMV has provided a template of what AFC's can achieve and whilst the growing pains have at times been excrutiating I have never been in any doubt what this company can achieve.
There were only two options to begin with, either ERG goes broke or it is exceptionally successful.Now it is the latter.
As for an .80c prediction that is small beer.
Westpac are not imo interested in a takeover. Saville knows the value of what he has. All any bank can do is leverage.
860 odd thousand shares may seem excessive but the amount held is growing. When Saville (you wont read too much about him in the afr yet given that he controls over a $billion in funds and is an Australian resident you would have to ask why) eventually owns 51% he is not about to pass that hard won to any company that is buying under $2 I can assure you of that.
ERG is on the threshold with the greatest amount of its intellectual property about to be finally untapped.
$40 million per annum is peanuts.

cheers,
walt.