OK -well, Todd owns 19.91% of FMS.540m shares. they bought their...

OK -well, Todd owns 19.91% of FMS.540m shares.
they bought their last big parcel under placement on 25 Nov 2014.

OCJ owns 9.63% or 266m shares.

I am not sure if Todd is deemed a foreign owned coy, but I think not. don't know.
I am pretty sure OCJ is ? not sure.

now, Todd cannot go over 20% unless they launch a t/o bid for the balance of shares in FMS.
BUT they can use the "creep provisions"
that allows Todd to buy 3% every 6 mths, without causing Todd to launch a t/o.
Todd bought their last lot of 300m shares in Placement on 25 Nov 2014.
so I reckon they cannot buy anymore shares until after 25 May 2015.

OCJ can buy at least up to 14.99% of FMS.
If they are a foreign coy they need to get FIRB approval.
so OCJ have a long way to go to get to 14.99%.
Clearly imho it is OCJ buying on market.

they are countering the holding of Todd.
they will be doing that because they see FMS as a good prospect.
OCJ have been there for a long time.
so it is not just a trade type deal.
they are there for the development of PIOP.