Ann: Change in substantial holding , page-16

Civaro

Not when you have 100M warrants at 20c and only the ability to buy another 6% or so on market till your at 19.9%

As I said, I don't think Platinum are here for the long 5-10 year investment. IMO they are dressing this up very neatly for a sale at some point.

Once in production, they'll probably refinance the debt with cheaper bank finance and look at potential partners to buy us out

If that happens, they'll want the price as high as possible, obviously within reason and justifiable by market conditions / production figures etc

See the spreadsheet in the other thread. They can push this to 40c, thus doubling the value of their 165M share exposure while only increasing their average price by 11% - great numbers if you are looking to be taken over down the track

At just over 40c they are also a chance of being included in ASX top 200 potentially. On that basis alone it is a pretty nice target too !