Interview with Dixon, page-23

I feel I've been "stooged' on this one . I used to play with Apex (it's predecessor) BLK claimed they had found gold outside the old pits so it looked like a good punt because the old pits graded 6 gram a ton- a good grade in Australia . Problem was it seems there was warehousing of stock going on till co got their capital raising off the punters. You know who may have been involved . Why they been letting go I'm not conversant with . Roughly it looks like their 11 percent holding has reduced to 10 percent & they have sold 3 million shares in the last 3 weeks . Only they would know when this selling will stop. is it just a re-weighting. Many of you guys are more up with it than I . Bottom line is I wouldn't expect this to start recovering till this selling is finished. Sort of looks like they got 10-15 percent of shares at 20 cents - and maybe they been profit taking - what do you think ?