Ann: Change in substantial holding from MIN, page-229

There has been the occasional party "lightening" their holdings as the SP has taken off from sub 1c to 4c+ however fundamentally the Top 20 has been accumulating as much as they can. In fact looking back at my notes, only a few months ago (pre the cap raise in April) Top 20 was sitting circa 34% SOI. They then steadily increased to 38% and then a bit of rapid rise to where it sits now @ 42.2%. Bear in mind ~2% of that went to MIN, and the rest you can see some large positions being taken by HSBC (x2) and Citicorp etc. Very strong buying signals IMO.

Whilst the WA govt won't get into providing infrastructure such as drill rigs, they have been "helping" certain PB companies with regulatory assistance and the like. I have no doubt someone like Minres CE would have his connections at state govt to help push things along. He is a very influential figure in the Perth mining set.

Wrt LNG export I picked this up from @gimo211 on a another PB forum... where a recent WA govt initiated report conducted by respected consultants Acil Allen recommended the following:


The WA govt then formally responded with the following:


I dare say we will see more from the WA govt about what "transparent criteria" it would take to garner LNG export exemption (i.e. BPT with Waitsia). Stay tuned on that development. It will be quite significant.

Cheers.