high component of heavy rare earth elements, page-41

Appendix 3B on the 09/09/10 had approx 56.2M shares on issue.

An announcement, 'Becoming a substantial holder' was made on 20/09/10. It states that Mr Yue purchased approx. 5.54M shares for approx. $1.47M for approx. 9.86% of the holdings. This equates to approx. 26.5c per share. Can you please show me why you think Mr. Yue got them for below 7c?



Some good facts vsbelina, always good to see posted as we make decisions based on them. The one thing we cant deny also is Yue has bought in again recently to add to his holdings this does display some continuing confidence surely?And although it was not a huge amount compared to his previous purchase
it was considerable.
Would somebody like Yue continue to buy at such levels without making some connection to the company??
Surely not unless he has money to throw away!
One thing that continues to bother me about this crowd is the selling by directors when they did.
I would suggest for shareholders sake they need to pull something out of the bag to show some credibility as while their drilling result sound promising there is a lot of people not overly convinced at the moment.
These guys need to act fast in my book to gain some credibility to the market!