Ann: Ballarat - More Encouraging Results , page-7

hi trtkd1

Given the current share concentration, large fish would I think find CGT too small a pond in which to buy shares on market.

The top 20 hold over 71% of this stock (and I suspect that some of the larger holders may have been nibbling at the retail end over the last month or so).

Unless one of the larger holders decides to sell down on production, there could be a shortage of shares for sale when production confirms current drill results in a few months time. Placement shares will be a few months shourt of their capital gains date when production is likely to start so many holders would be reluctant to sell down at this point.

cheers

cheers