I see the 500K at .07 has been removed. Put the frighteners on retail yesterday, keep the price below 7 and kill appetite and there is a block of 102 Mil unallocated shares if "retail" does not step up.
Back of envelope. Lets say the bigger players do step up and 50Mil remain unallocated. Thats about %8 of the company for 3.5Mil AUD.
Sounds like a good deal considering assets and project potential, could not accumulate that on market without moveing the share price.
Ann: Letter to Eligible Shareholders, page-8
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