The web link below indicates Talbot got in at 12c a share.
Quote...."Mr Talbot has a 19.9 per cent stake in Sundance, a West Australian-based iron ore company.
He bought into Sundance for about 12c a share and the price yesterday closed up 1c at 50.5c..."
http://www.news.com.au/heraldsun/story/0,21985,22863814-664,00.html