brokers report, page-39

Coopy,
Believe it or not but similar thoughts on an issue associated with your comments are swirling in my mind for the past half hour. Question,: How do we bring to fruition the "intent" to not sell for anything less than 30c (or 40c).. We're at the mercy of big players.

SO!! I'm starting to think whether there is a need to, in first instance, create a new thread.. "Time for strategic alliances" where posters on here (no offence Insaf, but I'd imagine it would comprise med-to long term investers) simply express by a "yes" or "no" whether they are prepared to form a strategic holding with wish a low ball offer can be trumped.

I know we've been through this exercise and some were so kind to prepare spreadsheet... who was that person?? great work! and we need to start a new one. This time it's different. It's not a case of what everyone's sell price would be because things have changed significantly since the exercise.
This time it is about holders who are 100% commited to stay the course and stick together "as one".. (one for all and all for one.. ) to heed off any low ball offer. For that matter, if strategic alliances can be formed , the capper ( and whoever the capper is working for) can continue with it's games till the end of days... ultimately the low ball can be blocked.

With the previous exercise we exceeded 5% of holdings... that will not work (be achieved) any longer after the addition of another 1billion odd shares. So the idea is that some of us need to start talking with some substantial shareholders (e.g Tim Robinson and a few others) to see whether we could all get into the same camp and, come hell or high water, we then sell out as one, at a mutally agreed price.

I'm raising this because we are getting to the pointy end where a left field attempt can be made any moment... and my fear is that a lot of long termers ( and now also medium termers who bought in at between 7-14c) will be sold short.

Necessary arrangements can be put in place to establish a "blocking stake" ( ideally we'd like to see FJ, or some significant shareholders who form part of FAR management as part of that alliance and then the race is won). This can be achieved through proxy or power of attorney. Of course a controlling committee will have to be established (3-4 people) to oversee and manage all shareholders' interest in the group and not leave it in the hands of one entity. Checks and balances.
If we can establish an alliance where commited retail investors are include and part of one or 2 significant holders, then we have negotiating power to stop lowball T/O and get out of this investment what the group, as one, feel is fair.

I think there is a need to start considering this with urgenct because, with the register, as it is today, BNP, JP Morgans and all those big holders will be more than happy to sell out at 12c, after they picked up hundreds of millions at 8c.
Sadly I cannot rely on management as our saviour because they will act in accordance the "feelings" of the big holders like FJ,BNP, JP Morgan etc....and they have already covered themselves with the issue of 200mil options/rights etc over recent time... We will be the once that will be slaughtered... unless we can form a strategic alliance and create a blocking stake.

Thoughts please and let's get a general feel amongst those who feel they can commit and if need be, we start the process (and establih a new thread for the purpose)... I believe TIME IS OF THE ESSENCE.