Ann: Ceasing to be a substantial holder, page-16

This isn't surprising to see, the article is penned by Hendrik Bothma who is one of the analysts at Katana Asset Management. When Romano Sala Tenna was recently on the Money of Mine podcast (link was posted on these threads), when asked about the WHC D+BW deal he said it was one of the best corporate transactions he'd seen, i.e. a bold move by management, doubling production without issuing new equity, and utilising the vendor's own balance sheet. I recall he said something like "if this stock isn't a top 10 holding for us in the next few months it's because one of the other guys has hit me over the head". Evidently the other two guys who have to sign off on their holding positions have agreed and I'd say they've been making the most of the recent weakness. No surprises therefore to see this article pop up from their fund. Cheers