Ann: Appendix3Y A Birchmore, page-17

Spot on.

I still believe there is something significant in recent developments that some us still cannot see unless money just came in, he might have pulled his redraw money from the bank. But it’s their family smsf so it’s a long term outlook and There should always be cash sitting idly available, but bought just now Vs He had all the opportunities to buy cheaper given blackouts are not that long it’s off and on. And come to think of it, they’ve increased their holdings in fpo’s by 50%. That’s massive they already have 1m fpo’s and 500m oppies, there’s certainly other good opportunities out there but where does birchmore put his money? Vmc.