boaml

G'Day All,

I'm trying to figure out BoAML's involvement in this stock, and have come up with the following: The above became initial sub shareholders on the 14th Feb 2011 declaring almost 240m shares. This seemed to occur on low volume the preceeding few days, eg 19m and 29m, indicating a measured accumulation?. After the announcement up until and including the high of 4.6c on the 21st Feb (vol on this day of approx 132m), approx 265m shares traded. This was after a material announcement of drill results. If they had sold down by this stage, would they not have disclosed a change in sub holding? This has to be submitted within 2 business days I think. My conclusion is that BoAML see medium to long term price gains,which should be bode well for us retail investors.In addition, it appears to me SBL is being capped. I am deducing this from the ask volume. Thoughts on my logic or lack therof!

All In!