Ann: Appendix 3B - 105,000,000 Placement Shares, page-11

according to the T20 on the website, Cancun are number two and three on the list, with a combined holding of over 100 million shares

Add to today another 105 million shares... that brings it to over 205 million shares

They would've had "inside information" and done their due diligence. For them to pay a premium, they must be super confident of a big return on their investment. No one would throw that much money at a failing company.

Big show of confidence here.. this announcement is almost as good as Nick buying more shares IMO.