Ann: Becoming a substantial holder from WAM , page-5

As I said in another post "it was a pleasure to see an insto at work!"

Just as WAM did. These must have been the guys that effectively stood in the market at 10.5c late Feb/early March for about 10 days. They may have even bought some to 12c and then, IMO, stopped just short of 5% and stayed there, watching all the follow up buying and then last week picked up about 10m shares to well and truely kick them north of 25m shares.

The important point here is that, if the above is right, WAM saw reason and value to pick up another lot (9-10M) of shares probably around 27-28c. Please, this is just my guesswork.

But I'm guessing that WAM's VWAP is closer to 17.5c. This makes me chuckle a bit. As serious and professional as these instos are, there is a real P***ing contest amoung their FMs as to who can identify the emerging hot stocks first and, more importantly, at what price.

PIM put their hand up first and said "we're here at 21.5c". Then a few weeks later, WAM comes out and says "Yeah? but we were here first and at a better price".

Its a bit childish perhaps, but it does go on. LOL!!

I'm sure there are at least one or two others lurking below the radar following these two very recognised small coy specialists.

Cheers