Ann: Equity Raising , page-70

Will STO need to make an ann if they merely top up to keep their 19.9%?

I'm not sure they need do so as they have not altered their percentage holdings.

In any event I'm not sure they will show their hand...I think they'll not buy any and besides, 25m shares when there are over 1bn of them is chicken feed for what STO eventually will swoop upon.

Think about this:

If STO grabbed sufficient shares to not only restore their original 19.9% but to also avail themselevs of the 6 month 3% creep rule... wouldn't this be as good as saying "we're coming"....in which case they may lose the element of ultimate surprise.

I think they'll do what the shark, the lion and Julia Gillard do before attack...feign indifference to lull a false sense of security and confuse people as to the real intentions.