Bomba I think you'll find that the holding has been accumulated over a long period. He or they have appeared as a top 10 shareholder for the past couple of years. Looking at the statement the holding was 19.5m last Feb. The Form only needs to be lodged one you reach or exceed 5% & there is a statutory requirement to show the previous 4 months purchases which is what the Form shows. In summary the holding has been long term and I'd say has been increased as a result of a bottom in the share price. There may be no more to it than that. I think it is generally agreed that .007 / .008 is the bottom of the cost curve. Personally I'm glad someone has expressed confidence in the company. Lastly the heading of this thread assumes he is a HC contibutor, chances are he may well not be. As for why come out now the extent of the shareholding would have been revealed shortly anyway as it will be of all the top 20 when the 30/6 Annual Report is released.
RMG Price at posting:
0.8¢ Sentiment: ST Buy Disclosure: Held
