Ann: Appendix 3Y Change in Director's Interest - G Wilson, page-3

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    Yep, that’s 2 directors buying within days of EOM. Geoff couldn’t have been more clear at recent shareholder preso’s - he refuses to pay a premium, loves a discount, and given his lack of buying over the last couple of months (when the SP was at a ~10% discount to NTA) I’d say it’s reasonable to assume he likes that discount to be >10%.

    All that said perhaps my estimates are on the low side? I think I said $2.48 - $2.49 after a big currency tailwind - 10 days till we find out, so let’s see.
 
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