Bell Potter now 57, page-8

Hi marfis - there is nothing currently to suggest that OCP takes this route - they were buying in the 30s last year. However the level of debt owed to OCP is not really substantial. If they were to play hard ball it would be easy for management to have a cap raise/rights issue to cover the debt. That would also dilute OCP’s holding. Management would be in breach of their duties and expose themselves to class actions if they did anything to favor one holder over the rest.

The AGM this year should be very interesting if the price stays around these levels. After all they did decide to take out a loan from OCP instead of raising capital at higher levels so they will need to put a rocket under the shareprice to make it worthwhile.