How many treas can be shaken?CEO has holding of 25 mln units ( i...

How many treas can be shaken?

CEO has holding of 25 mln units ( i think his avarage is 8 or 9 cents) , that is about AUD 2mln spent.

That is confidence. In the past 5 month he has been accumulating slowly in 3-4 cent range( you can not buy a lot now next level is over 4c).

So, he is avaraging down with his own money. For instance in the past 3 month he spen AUD 100k to avarage.

Good sign.

Orbis fund is different story, could be interpreted differetly! They are value investors who has apetite for some risk. They accumulting from weak hands.


So 4 c is here. May be some will keep it low ( to accumulate) but value is clear.


Can we see funding restructure and removal 40% equity taker in the next 12 month? Can we renegotiate 40% stake with financier equity taker?

Happy holding