Hi Auriga I dont think it is a major share holder but you need...

Hi Auriga

I dont think it is a major share holder but you need to understand you could hold up to 35 million shares and not have to declare as a substantial holder. As you are not required to delcare unless you own more than 5% of stock issued stock. Volumes have also been very small but due to market conditions this volume is enough to swing the share price substantially.

I think the selling has alot more to do with tax selling and overseas investors taking currency gains. No one can predict where a share price is heading there are to many factors, if you are concerned with price movements set a tight stop loss is my advice.

With continued positive results and milestones being meet i see no reason as to why the share price will linger at these levels and can continue to move higher. But this will also depend on the general share market. GL to all holders and DYOR

GB