Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

The recent turnover has been INCREDIBLY TINY - just someone being impatient or needing cash etc.

There are more than 900 Million shares in Cokal - a turnover of less than 9 Million in a week is tiny !! (565,370 today, by the way)

The time for takeovers has long passed.

The major shareholder would need to fork out A$175Million at 22c & take ALL the risk.

The first 20% has cost them less than $10Million plus a $20Million loan at a huge rate of return and a SHARED risk.

They have control and they expect a MASSIVE Return on Investment.

They don't need the rest of the shares !

They just need to get this into production & reap the rewards, as do we all.

In my opinion - be patient and let Karan & Eddie & Dom get this happening.

If you are able to get some cheap shares in the meantime, WELL DONE !