Ann: Statement of CDIs on issue - BEZ, page-187

Ordinarily I would agree with you on a technical basis.

However...

With BEZ and the extraordinary off-take deal that is on the verge of achieving signatures from our biggest shareholder then I would argue that it would make sense to suspend the rule book for the next few days until we at least reach a mkt cap that does the deal justice. Which of course we haven't yet.

And then look at the sell depth, there isn't a lot left available down here.

Finally consider the real freefloat actually available to buy.

The gross freefloat is around 96mn shares but look at the recent volume. The more that remaining freefloat churns the more stock is being removed from the freefloat by people like us who have bought the stock and are holding onto it in our portfolios.

Fomo, news pending, the quantum deal, and the fact that there is hardly any stock available should mean that market traditions like filling the gap (when we get some in our blue sky position) and consolidation retreats do not apply in the 20s. The market dynamics will.see to that.

Anyway just my opinion but I certainly expect to see BEZ attain a 30c+ close by Friday.

EB