Agreed , looks like somebody has emerged to take the ANZ shares...

Agreed , looks like somebody has emerged to take the ANZ shares (still about 12 million to go though)

Thing is everyone knows its a bargain at these prices , due to ANZ pushing price down , after all they not selling because they dont like the company , thy selling because they are forced to.

However , everyone also knows that this selling might continue for sometime so are reluctant to buy the bargain.
What will happen is everyone will wait and try to buy when they think ANZ have nearly finished selling , the price will then shoot up very quickly.

Some using this strategy may wait too long and miss out on the bargain.
I am happy to buy now at anything below 80c as its a sure fire winner.

Lets face it this is a great buy and hold stock which everntually will be huge , its just a question of waiting for all the trials to work through the system. They raised capital at 1.70 just at the right time , dont need anymore and the opus prime will have no effect on the company apart from keep the price artificially low for a while