Ann: Change in substantial holding, page-9

Scraping by - desperate measures...

The ruffer mob is probably not to dissimilar to the local yocal shareholder arrangements on the flipside or so in Australia.
Rep-presenting to existing clients/components of the representative ruffer llp investment vehicle, as I understand it, the sink or swim dilution con-undrum as it is put to existing SH's here.

Hand over or dilute.

Ruffer have a syndicated representative position & their likely uptake was @ 50% based on clients weighing up existing interest, dilution v potential and resulting in less than the full uptake.

Likely a similar story here when they roll out the drag gear at next weeks spp offer with consideration to the allotment of @ 20 million available.

Maybe they will get the full offer proceeds but I doubt it based on the real world economics where every second person that converses available funds is up to their foreheads in debt - seems, coupled with the same ruffer response exhibiting the confidence level.

Go Gold - thirteen hundie