Ann: Australias New Nickel - Latest Presentation, page-22

Thanks Sprooker for your illegible feedback. No secret that I know these recycled assets very well and have some concerns about POS's business plan and market disclosures. Perhaps I'm not alone when you consider the Top 30 broker activity since 1 July and find it dominated by traders. No real signs of quality entering the register.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Broker Name	Buy Volume	Sell Volume	Net Volume	Total Volume	% Rank
1	Commonwealth Securities Limited	66,304,090	55,931,369	10,372,721	122,235,459	29.34
2	E*TRADE Australia Securities Limited	20,021,757	16,171,951	3,849,806	36,193,708	8.62
3	Morgan Stanley Australia Securities Limited	10,491,648	15,600,837	-5,109,189	26,092,485	6.01
4	BBY Ltd	12,458,421	12,574,464	-116,043	25,032,885	5.75
5	Petra Capital Pty Ltd	12,474,630	9,879,287	2,595,343	22,353,917	5.17
6	Pershing Securities Australia Pty Ltd	7,390,294	10,717,500	-3,327,206	18,107,794	4.06
7	State One Stockbroking Ltd	9,166,060	7,536,673	1,629,387	16,702,733	3.8
8	Australian Investment Exchange Limited	9,240,639	6,758,284	2,482,355	15,998,923	3.75
9	Patersons Securities Limited	6,929,844	7,752,164	-822,320	14,682,008	3.49
10	Instinet Australia Pty Limited	311,260	10,939,356	-10,628,096	11,250,616	3
11	Macquarie Securities Australia Limited	3,327,192	7,076,966	-3,749,774	10,404,158	2.67
12	Shaw Stockbroking Limited	2,667,000	5,554,804	-2,887,804	8,221,804	1.81
13	CMC Markets Stockbroking Limited	3,849,946	3,504,941	345,005	7,354,887	1.76
14	Susqeuhanna Pacific Pty Limited	3,074,196	3,074,196		6,148,392	1.62
15	Timber Hill Australia Pty Limited	3,381,051	3,053,151	327,900	6,434,202	1.59
16	Macquarie Equities Limited	4,707,121	2,479,292	2,227,829	7,186,413	1.55
17	Wealthub Securities Limited	3,114,162	3,494,476	-380,314	6,608,638	1.53
18	Deutsche Securities Australia Limited	2,509,084	3,890,291	-1,381,207	6,399,375	1.48
19	Third Party Platform Pty Ltd	3,287,646	2,516,879	770,767	5,804,525	1.39
20	Ord Minnett Limited	3,820,805	2,030,191	1,790,614	5,850,996	1.38
21	Morgans Financial Limited	4,372,640	668,239	3,704,401	5,040,879	1.29
22	Evans and Partners Pty Ltd	30,000	5,161,162	-5,131,162	5,191,162	1.26
23	UBS Securities Australia Ltd	2,522,145	1,864,679	657,466	4,386,824	1.14
24	Bell Potter Securities Limited	2,154,218	2,069,571	84,647	4,223,789	1.06
25	D2MX Pty Ltd	2,245,014	2,429,900	-184,886	4,674,914	1.05
26	Argonaut Securities Pty Limited	2,547,538	300,000	2,247,538	2,847,538	0.72
27	Merrill Lynch Equities (Australia) Limited	1,119,069	1,468,210	-349,141	2,587,279	0.63