Ann: Change in substantial holding, page-57

Ausbil still had something like 35,000,000 shares even after ceasing to be a sub. holder so they’re probably the ones hosing the share price, given the large volumes.

PS: all the people quoting the market cap and saying it’s cheap are showing themselves to be utterly clueless. You have to look at the EV, i.e. market cap, less cash, plus debt. That’s the true position. Here it is:

Today’s market cap : $133M
Less cash* ($130M)
Plus debt (at 31/12) : $225M (US$146M)

So current EV is approx. $228M.

*cash was $162M at 31/12 however they burned $65M in the last quarter, and we’re halfway through the current quarter… so I’ve reduced cash down by a similar pro-rata amount.

Carry on blaming these ‘non holders’ who are patiently trying to educate y’all… but they’re gonna have to raise again, or get a Convertible Note from AusSuper.