Chart, page-33

I was initially upset with RBS morgans for their client base flipping, but they have now become net buyers with talk they had insto demand 5.7/5.9 last week.  Euroz has been incredibly quiet post the raise, not really sure where they stand with us anymore.  So the size sellers have got to be the TSV/(TMK) guys who essentially got 500 mill CE1 shares for free two months ago, I see Argonaut has been selling size non stop (TSV related entity/broker).  Real shame we had to buy those guys out, but some instos would not get involved unless we did, so a long term positive.  After almost two months we should have seen off most of the TSV flippers, but maybe a bit more to go.

The 12 month VWAP is 5.5 cents,  ha, exactly where all the stock has been printed, seems we can't move away from that level even with drilling only a month away.