dont forget pdn used to be 2c, page-17

Hi guys, looking good again today. Here are my musings please note I could be wrong…lol. We have been consolidating since that huge 400 million+ volume last Wednesday. Note though that was due to day traders as there aren’t enough tradable shares on issue (i.e. the same shares sold again and again) hence the Thursday pullback and consolidation. RSL has 513,029,753 shares on issue (including 80 million in escrow until Aug 2008) of which 37% are held by the top 20 some 189,821,009. This leaves 323,208,744 shares that the public trade both long term and short term for all intensive purposes.

Since Thursday we have seen a total volume of 283,768,477 shares traded with RSL rebounding 22%+ yesterday which to me implies there really aren’t many shares left at these levels when we remember there are a lot of long term holders also. Hence we saw the lift in SP as buyers chased sellers to get set ahead of any potential news. With few shares left at these levels and news due (that is a fact the only question is when) northward pressure should continue on SP. If volumes and movements are a guide then yesterdays increase in SP and volume on a very bad day would strongly suggest news is not far away and seems to be very good. Good luck to holders.