Ann: Change in substantial holding, page-3

Robbo

I think it means that the director (AM) has considerable confidence that this company will be a success. When I see a company where the directors hold a significant stake in that company, and, in fact, increase their total number of shares (AM now has almost 100 million!!), I believe that sends a very positive message to the market. Surely if AM had any doubts about WKT being able to "continue operating", as you put it, then he would not be increasing his holdings at all? Quite the reverse, I would have thought....ponder that.

We have all suffered from dilution to varying degrees but that is the price to pay for getting this company operating as a producing miner. Once the production starts (this time next year), the dilution will become irrelevant as the SP reflects the true value of the resource available. An off take agreement will start the re-rating process and that announcement is not far off IMO.