Ariadne Capital have increased their share holding by over 5M...

Ariadne Capital have increased their share holding by over 5M shares which cost an additional $1.3M during June by buying on market, taking their rights issue and purchasing sub underwriting shares. I assume they purchased Wilson's underwriting allocation because Ariadne were not underwriters for the rights issue.

If the largest shareholder increasing their shares by over 5M shares is not a vote of confidence then I don't know what does. Especially noting that Ariadne tried to topple the board a few years back.

A skeptical person might think they just want to buy the company on the cheap. I know Ariadne are keen for dividends!