re: options expiry, page-33

re: firebird now 8 percent holder DS...I personally didnt doubt your RRS situation as, positive. I knew you were in a holding position like most of us. Your perspective helps for sure....Thanks

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you mis read me amazed - I want the holdings to be as concentrated as possible - I want this to be WNL x5. Now I see the names of some of the people behind it I can finally see where the money is coming from.

I don't know if you recall but I have pretty regularly asked those who think it is going to 50c or $1 etc WHERE the buyers with the $$$ where going to come from ??? I know enough about the ASX that there is NO WAY our fundies would touch this until it was BHP2 - they have no baalls. Now with a couple of offshore hedgies playing I can see it clearly now.

For this to trade 10c (ie mkt cap $300-$500m) it needs people buying at least $50m worth of stock assuming there will still be plenty of punters on the offer.

To hit 20c it will need $100m IMHO.

After that ironically it will probably need less $$$ as it will be taken seriously and the new buyers will be long termers not traders.

All just MHO












However I think we can reconcile !

I agree with your comments.


I don't know if you recall but I have pretty regularly asked those who think it is going to 50c or $1 etc WHERE the buyers with the $$$ where going to come from ??? I know enough about the ASX that there is NO WAY our fundies would touch this until it was BHP2 - they have no baalls. Now with a couple of offshore hedgies playing I can see it clearly now.

For this to trade 10c (ie mkt cap $300-$500m) it needs people buying at least $50m worth of stock assuming there will still be plenty of punters on the offer.

To hit 20c it will need $100m IMHO.

After that ironically it will probably need less $$$ as it will be taken seriously and the new buyers will be long termers not traders.

All just MHO