University of Western Australia

On a day when ANO's share price rose 9.5c, I think it's fitting we pause to give thanks to the taxpayer-funded 'intellectuals' at the University of Western Australia who, barely 18 months ago, sold the university's entire stake in ANO for the princely sum of 26 cents a share. ANO's share price has risen five-fold since then.

Dullards such as the University of Western Australia only come along rarely. Great credit is due to the management of ANO for accommodating them via the selective buyback - for the benefit of all ANO shareholders.

We are blessed to have such an astute, visionary and hard-working management team.