Ann: Change in substantial holding-WSA.AX, page-3

Thats why the instos have been in-im still holding as i watch the share placement and capital raising shares wash out.Perhaps management should have gone for a straight rights issue,because if the price drops to below $2 it becomes a straight out trading stock-If they try to capital raise or rights issue in another 2 years with nickel between 8,600 and 9,000 a ton, placement would be at or below $1--this would then mean a downgrade of credit rating and severe downgrading of the stock--cheers