$7m mc, $5m cash, $20m jv, 49% ni, new board, page-3

"The dumper could possibly be the Talbot Group"

I think you may find it was Tinpage P/L = P.Tambanis after the board and he parted ways last year and he was bought out of his royalty clause as well. He also had personal holdings on top of that as well as S & B Tambanis (700K each), but whether they sold I know not.

You may find what makes its way to market over 0.080 is those that bought in at the last CR and taking a small profit, it may even be the underwriter selling some to put more equity in the trading as most the long term investors here have these tucked away in the bottom drawer.

All the above should be clarified one way or the other when the next Annual Report comes out in the near future (depending on it's date of course as the financial reporting date may of been the 20/9/12).