Ellerston was accumulating in Nov, Feb and March.
Substantial holder notice in November last year, 5.72% holding increased to 7.39% when sp was around 1.10.
Substantial holder notice in Feb, 7.39% holding increased to 8.73% when sp was around 0.99.
Then in March increased from 8.73% holding to 10.08% holding when share price was around 0.90.
So it appears they have been well and truly hosed.
Current holder notice is 10.08% holding increased to 12.48%.
Fourth time is a charm?
Ann: Change in substantial holding, page-5
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