Blackspur peers, page-8

I recall that around $10m went to UK instos, so wouldn’t be surprised if they are selling most of them. My understanding is that around 4b went to “safe hands” which includes Blackspur. So needed to churn 3-3.5b but haven’t seen any serious dump into 0.7c which would normally signal end of supply. So suspect we’ll stay in 0.8-0.9c range for a little longer. That can change very quickly if we get a big buyer, but for me there’s no reason to be in a rush or impatient. We know the value is already there, will just take a little while to come through.

On the plus side you don’t get many opportunities to by shares in profitable cash generating business at a 50%+ discount. So I’m also buying whatever I can when funds become available.