58c what the f(*& is going on, page-8

hergerr,

a number of other fund managers who are substantial shareholders of this one are also based in Melbourne have not disclosed they are selling.

Dont forget, fund managers can dance to different masters for the strangest of reasons. For example they may have lost a mandate from another fund and have to sell across the board. They may have downgraded or reweighted their gold exposures. They may have a gutful of this particular stock-who knows.

But if you look at the patest substantial share holder notice, the average buys were around $1.00, so they have sold the recent lot at a loss.

Cheers,TAS