Ann: Change in substantial holding from GMD, page-3

My current theory, based on nothing, is that Kin / Delphi might sell their 10.5% to SBM. That would sweeten the proposed SBM / GMD merger, assuming the TO offer can be kept open through the merger. Kin would want some kind of deal though. My old theory was the TO would lapse and eventually GMD / SBM would have to pay a lot more in a new TO offer for the remaining shares (including mine). Perhaps both theories wrong.

IMHO astonishing DCN haven't sorted out some more mill feed, now they are down to the dregs of the stockpile. Almost as if the GMD installed directors aren't really trying.