gold mountain underneath, page-16

Collectively the four JJ Holdings entities shown in the June 24 report now own more than 7% of the company.

The point is, two of them have a long way to go before they are compelled to make a substantial shareholder notice. Together the four entities had 7.09% as of the 24th June, so what is it now, and at what level will they buy up to. Given that the buying hasn't stopped, as evidenced by the chart.

As far as I'm concerned there's a four month trend now in place, and that trend is intact. Entirely due to JJ - it would seem.

Also, discussions of a blocking stake are all very well, however I think this one is more aligned to a pure profit motive via strategic positioning. Indeed, much the same as they did with Karoon Gas. Logically if GFA do make a move on the company its nice to be in a position beyond that of an average retail punter who will generally accept a deal for a medium to good profit. Opposed to holding out for an obscene profit.

All too often punters sadly fail when it comes down to a chess game