Ann: Unmarketable Parcel Share Sale, page-71

It's really hard to tell exactly of course - but on the surface we know that 149,683,565 shares have been transacted and bought on market since 29th April - 1 day after the close of the unmarketable parcel offer on 28th April 2020.

And we also know that per the ' Unmarketable parcel share sale ' :-

" The Company is authorised under its Constitution to sell your shares following the Closing Date.Yourshares will be pooled with other shares under this Facility and sold as soon as practicable after theClosing Date provided the Company is able to arrange for their sale in accordance with the Constitution. "

And of course since the offer was announced and based on the figures on unmarketable parcels at the close of trading on Monday 16th March of " 293,086,683 ordinary shares of the Company, held by 2,024shareholders. " , we know there was another 32,841,916 of ASX traded volume between 17th March and 28th April.....and a whole lot more I assume of ' ineligible ' Chi-x volumes .

So if we then assume that the 32,841,916 of ' pre-close ' share volumes was from those who wished to ' top up ' their holdings to above ' unmarketable ' status , and we further assume that the 149, 683,565 volume ' post ' closing of the offer on 28th April - then by difference we can ascertain that perhaps there is potentially another 110,56,202 remaining in the ' defacto ' buyback.

Of course it gets a little bit tricky in a sense from there as one never can neber know to the extent of how many of those 2,024 holders were holding ' extremely ' smaller parcels , and who elected or was determined by non response by Management to then donate these shares as outlined in the ' offering ' unmarketable shares purchase announcement :-

" The Company notes that for all shareholders the proceeds will be less than $500 and for someshareholders the proceeds may be substantially less than that amount. "

AND ,

" Accordingly, the Company would like to provide shareholders the option to choose to donate theproceeds of the sale of your shares to The Red Cross Bushfires Appeal."

So it would seem that there is potentially a fair bit more to be ' executed ' under the BUYBACK , and so it is not so surprising that most of the shares on the Bid today were in fact sold into. Interesting as well that if you had observed most of the individual orders , and despite the so called ' pooling ' from say Nominee held accounts , that a good number of the trades were in even increments of 500 or less .

One thing I believe we can be certain about is the fact that the volume is and was definitely not about any sort of T.O posturing ...... , and until otherwise notified to the ASX is still well and truly in ' Buyback ' mode........

" The Company reserves the right to vary, delay or terminate this Facility by notice to the ASX. "

" Please also note that the Company will not sell your shares in the event of an announcement of atakeover offer for the Company. "