Ann: Finniss Project Development Update, page-74

I honestly dont think its fund managers and shorters as much as its made out to be. They will certainly play their greedy part and try to exacerbate and exploit the circumstances where they can but time and again, characters like Brumbie in the past have pointed out that the dropping holdings changes are happening amongst the retailers more than the top end of town. They just scoop them up when it's in their interests.

Retail holders and their panicking like a wildebeast heard at the first sign of trouble responses have always been CXO's own worst enemy.

I reckon there are people out there just hard up for money due to things like rising interest rates and cost of living who see a paper loss in the red and are cutting their losses rather than showing discipline and taking the hit or who have imminent tax bills due who are breaking off a chunk to keep themselves going etc.

I've done this in the past a boy do I regret it now.