2 new ugc players, page-8

Geezit,

You may well be right re SP not heading north of 10 cents in the coming weeks, but I don't think it will be because the instos are holding it back.

As at 21 August institutional holders held only 10%, add another 100m from the recent raising and it's still only 22%. The majority of this would actually be sophisticated investors, regardless neither would have the pull to weigh it down for too long and I hazard would not want to take the risk of selling and missing out anyways.

The more likely reason as we've seen today is those so called sophisticated investors who only bought in for a quick buck, and have no interest in holding long term. I expect we will experience this profit selling in weeks to come.

We've seen it before in this very stock and plaudits to them for making 5-10% easy money. Unfortunately for them they have not quite grasped the bigger picture, and may regret thier actions when the SP rises exponentially over the next 12-18 months.