Charts & Broker Data, page-179

Broker Data for period - 26/10 - 2/11

There is a bit of accumulation and a bit of selling. The good thing about this data is there is some volume (liquidity) occurring from some of the instos. We needed this, and management knew this, which is why the CR would have occurred. You'll see several insto's selling and several buying - this is a healthy stock. Regardless of some profit taking and market fluctuation this last week, I'm more than happy with what I'm seeing. Remember the low shares on issue works both ways, quick gains north when someone wants to buy volume, and quicker drops south when someone takes profit or reduces holding. But, the benefit of having this occurring in a well run company is there's a much greater chance that the shares will be absorbed better when someone does sell down.

Don't forget the CR was done at 30c and we saw nearly a 100% rise from that. Some profit taking was always going to occur. I believe the sp was exacerbated by the US election events also. Patience as we await the stacks of news coming in the next few months. Don't focus on the day to day sp moves and just focus on what the company is doing.