M4M, page-14

Could be an interesting 3-4 weeks ahead for the SP. With circa 40% of the share capital held by insiders and the sell side unbelievably small those broker clients who want in might need to move quickly unless they want to risk paying considerably more per share. Looking at the current supply and demand and considering volumes traded over recent weeks it wouldn’t surprise me if the SP was closer to 4c come the end of the month, even on ‘no news’. Hopefully positive drill results will then reinforce the SP, give it the next leg up and be enough to encourage those holding options to exercise them.