No mate, he means the tranche 2 which are not on the market and will be released on 3rd November from memory, but these are subject to votes because it's in excess of the standard placement percentage of scrip permitted during the year. I'd say most investors are probably across this.
Some liquidity was added during tranche 1, no doubt about it, but it was not let go of without it being bid up. You couldn't get any for the anything near the placing price.
Could be an attempt to jawbone investors into letting some go, as a game of chicken, but he seems quite sure of himself. I did ask why he thought tranche 2 would be any different. No response, so I think it's jawboning.
PM1 Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
