A Turning Point, page-4

I'm guessing really Landzt. The Strandline guys have shown support by locking up 70% of their shares for 12 months but I was just thinking that some might want to get some of their seed capital back. Yes, it could easily be disenchanted long term Gun holders although the parcel sizes suggest a larger holder and the last top 20 didn't show much change.

The TZMI conference was a few weeks ago. I've seen very little come out of it anywhere online, most of the commentary seemed to be along the lines of another year of flat price activity. I wouldn't expect much news from us out of it yet - Richard Hill and Mike Folwell were going to make connections. If they made any good ones then I imagine any fruit would take some time to ripen.

I would expect another cap raising towards the end of next year. In the meantime they do have some capacity reserved to place shares out of resolutions at the AGM. Yes. the SPP was poor which follows on from the previous one earlier in the year also falling flat. The GUN long term holders are tapped out. We'd be just about finished without the Strandline deal.