Ann: Becoming a substantial holder notice x 2, page-42

Reggie, All depends on how / why they got into this position.
If, as Crackpot alluded to, they orchestrated the undersubscribed CR to take a large position, then they clearly have a plan. Maybe this is the best case scenario for private investors. There seems to be very little trading, no panic selling, so maybe this conspiracy theory holds some weight.
If they were left carrying the baby, due to issues relating to CR timing and incorrectly predicting the offer uptake based on market perception, then anything is possible down the track. It's a big parcel to shift.