Ann: Becoming a substantial holder from EBT , page-3

re: Ann: ODG: Becoming a substantial holder f... This was certainly unexpected.

Based on ODG earnings the takeover price is a worry. But the bid is basically at NTA so it could be a steal. They may have some ideas to boost earnings fast in which case it could work out ok.

I have some questions:

- where is the cash coming from to pay for ODG? Is the business doing so well now that they can fund it from cash flow? Or are they borrowing. I haven't bothered looking into this as yet.

- Who bought the 600,000 shares on announcement day at 8c. Hale? Strange trade.

As an aside: With the hot money coming out of the pure play miners, some of this money may flow back into some of the more speculative industrials. eg. Ebet. In that case we may see some positive share price momentum.

However one of the problems that Ebet has at the moment is that it is actually making money. The market hasn't liked that in recent times. Money has flowed into spec stocks that have never made a cent. eg. Lynas Corp. Just gambling really.

Investors do strange things, especially in the short term.