is it a hold??, page-17

Dump was definately harbinger - to a bookbuild by UBS - So no one large buyer

http://www.businessweek.com/news/2010-08-2...cuts-stake.html

They held 27,526,316 at last announcement so they are gone or only have 1million left.

today maybe more about USA than anything but all the negative sentiment is hurting

1. Major holder - Dumped - $3 before they dumped at $2.50 to $1.50
2. Labour resource tax - $2.50 after dump to $2
3. CHM - Uncertainty in ability to a do a deal & 2. for how much after CFE entry into CHM & IPL suing CHM & puting them in receivership - Helped take from $1.80 to $1.60
4. USA markets

If markets turn & CHM sorted & Liberals get in we could see a big swing if not see nothing to get us out of this

I posted this yesterday on SS