Ann: Becoming a substantial holder, page-62

I think you could be on the money @boy1.

Credit to @AndyRoo for pointing me to the below.

Lets look at L1 Capital for a moment.

http://www.l1.com.au/

http://www.copyright link/business/...m-cheques-for-new-listed-fund-20180226-h0wp90

Then look at Mineral Deposits (MDL)

http://www.aspecthuntley.com.au/doc...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true


As you can see they had an announcement eerily similar on May4 to ours yesterday.

Total of 23m shares held, mostly bought in March at $1.10ish per share. Currently $1.59 with a hostile takeover by Eramet at $1.46.

What I surmise from the above is that we now have a very large institutional holder with deep pockets and very savvy operators who have gone substantial on us and who I assume want more imo.

Their timing seems to be impeccable too.

Bring on the JORC,PFS,AGM and deals.