xoc,Spoke to the company yesterday and 20 clients of Patersons...

xoc,

Spoke to the company yesterday and 20 clients of Patersons took up the RI underwriting no worries at all, all 48,608,546m shares.

All those shares are tightely held in their opinion and in Paterson's as far as I have been told.

Not sure how many clients took up the first placement for 21m shares?

Imo Patersons knew this reshuffle was going to happen and are playing the waiting game for this to settle. Thats why they had no worries taking up the RI even though someone was playing sillybuggers with the sp. Once the dust settles we will move up quite quickly imo.

As the company met with Patersons this week, they have said they are not the ones selling. It would be either a larger holder or existing management.

Imo Patersons are the ones currently supporting the sp.

It does appear that the RI was 'poorly executed' but it was all for a reason imo. This company has too many good assets and potential that most can identify and there is a battle to get control of it imo.

Hopefully they are nearing the settlement of all these changes.