1m bidder at 10.5c, page-9

re: 1m bidder at 10.5c - woy woy hi woy woy and hope you are right but past experiences tell me that there will be a whole lot of TOXO holders who can't afford to convert them and sell beforhand, some will get some short term debt to cover or will need to sell some TOX if they own to come up with the $$$ to convert. Once converted there will be an extra 100mill around with huge profits in them so profit taking will be substantial.

Gut feel is Febuary and a few months after the sellers will outweigh the buyers for a while, the higher TOX goes now the more prevailant this will be.

As I said, I still hold half my orig holding and have no intention of selling them untill at least July 06 next year when I get my 50% CGT discount and deferr my tax payment on them till early 2008 when I do my taxes for the 06/07 fin year. I believe in the long term story and still hold a lot of these babies...