large trade, page-12

Big hitters converting options is hugely positive folks.

1. The more cash you raise using your own devices the less you nead to go cap in hand to brokers who will skin you on price after they first demand a recon.

2. Big hitters will hold their stock if the story is good so no big deal that they convert.

3. The idea sceneria is if everyobody converted early, that would be $10M in the bank and no one extra piece of paper is on the market just the type of paper.

4. The blokes running this outfit are savey operators.

By the way, not only did they bank a $1M in option conversions today they look like they bagged the elephant with a big hitter taking a special crossing for $4M. Thats smoking baby. London to a brick the sellers are the Asia shareholders who were left in their from the smoking ruins of the previous IT company it use to be before the new life under new ownership came about.

Tomorrow will be a smoker apparantly, some serious buying I believe but lets see what happens, lets not get too far ahead of ourselves.

This is playing out as expected. World class resource with world class fat margins because of the huge grades being run by savy operators who have excellent connections amongs the business/investment community and these connections are attracting fund managers/big investors early rather than the usual practice where fund managers turn up half a year late.

The stock will continue to tighten as more large players take positions. I would imagine there is a broker somehwere ringing all the big Asian investors asking if they want to sell their stock.

Wont be long before the share register has been completely transformed.