Ann: Becoming a substantial holder, page-34

Scrolling thru this thread , it seems that the "possible" (? ) importance of the Bruce Gray Substantial S/H Notice has been somewhat lost !
Whilst Mr. Gray has deep pockets as regards investment funds , holding 7.36 % within his portfolio is certainly meaningful ....and apparently , taking up the latest CR entitlement , likely some of the shortfall and subsequently buying more after the Trading Halt and the price fall ( last page of announcement ) .
With Australian Super and Mr.Gray combined , that's currently 22% to 25% .....unless that has changed +/- and hasn't been announced .Not inferring that there is any link between the two ---but I find it impossible to believe that --if push comes to shove ....they would not be rowing the canoe in the same direction !
Should the direction of Syrah not steady , and in the medium term start to show more positive momentum , then I suspect some serious lobbying would start between the two parties . That could be in various ways ....TKO , to JV , to Board/ Management , to strategic placement , all might be under consideration after the strategic review .
The further "wild card "in this same scenario , Is Regal Funds Management . Probably Regal have played this long/short to date --but might likely be a time where the "short" is no longer in the frame . Rationale to that --is above , 22% -25% owned by Australian Super and Bruce Gray combined.
Might also be a factor in some of the other shorters covering ??!!!
I have said it before ---maybe still putting fresh lipstick on a pig ....but rather have these two , having the "control"they have , than some of the traders like UBS and Morgans who have participated in the C/Rs /trading /shorting fiasco from day one .
AIMHO