updated top 20, page-4

Resolve Geo has not dumped the shares!

Refer to the announcement 23.01.13

No. of securities held prior to change
74,596,110 ordinary shares

No. of securities held after change
74,596,110 ordinary shares

However 11.75mil shares is subject to loan, they still have economic exposure to 11.75mil. But UBS has short term wise loaned out the stock for shorting purposes, hence why BND is not real happy with UBS, as a Directors holdings is being used against his very company and his shareholders.

As part of a financing arrangement, Resolve Geo Pty Ltd has entered into a structured loan facility, which includes a collar arrangement with UBS AG (Facility).
The Facility provides Resolve Geo Pty Ltd with ongoing economic exposure, within a range of prices, to 11,750,000 ordinary shares in Bandanna Energy Limited.
The Facility also confers the right to deliver 11,750,000 shares in Bandanna to UBS AG.
The information set out below relates to the Facility.