Ann: Investor Roadshow - May 2018, page-3

all the buying in recent days have been retail. still no institutional. Unfortunately i think it will ebb back like always once api 4 dips, however for the longer term holders the wait for North Block to settle and Brakfontein's CSA will herald in the final push towards the share price rerating IMHO. Once reaching 3 operations and with North Block bedded down I think this will be a contender for leaving in the top drawer for a couple of years and waiting for a nice rerate.