$1.50 party, page-130

invest99,

The first tranche of stock has already been available to be sold if they have chosen to do so.

I have no doubt some may have come out and been snapped up by hungry U.S investors.

Some people assume that because the placement stock was bought at 55c that it will come out in the market place because it is currently trading at much higher prices..

Sometimes placement stock comes out when it's trading only 5% above the placement price.

It largely depends on what the holders of this stock are looking for. Are they after the quick turn or are they in it for the longer term. No one can answer that question except those who took the placement stock.

Given that most was given to institutions I would think they are more likely to hold knowing the potential could go substantially higher.

I have heard of 10.00 per share in 4 years time from fairly good sources. I hope that is right.

Suddenly 1.30 doesn't seem to be that great.

But the reality is no one could possibly know what the intentions are of those who took positions at 55c.

So everyone must make that hard decision for themselves whether to hold, sell or buy more.

The 12 million shares that were bought today are obviously quite comfortable buying stock at this current price.

22 million done in the past two days is certainly suggesting that the appetite is still strong given the increase in that short time frame.

Tomorrow will no doubt be another interesting day.

Anyway off to bed.

Early morning gym day tomorrow. Up at the crack of dawn.

Cheers.