rumours.., page-10

OK Super, I'll try again:

* GGP recently sold several million shares to several parties (their indentities were not disclosed) to raise cash to be used to appraise and develop Bullseye oil discovery. This is called a 'placement' and was priced at 28c per share.

* In Australia shareholders (stockholders) become 'substantial holders' once they reach 5% holding in a particular company. If they then change their shareholding they must file a notice to the stock exchange giving details of the change.

* Two substantial holders have filed notices recently, both have increased their shareholdings. One of them, Eastern Advisors, probably bought more shares through the placement because they were an existing large GGP shareholder known to GGP management. The other, Tiedemann, seemed to have bought theirs at a lower price, we don't know who from.

* They seem (at this stage) to be unrelated to each other.

* When large shareholders increase their holdings following the disclosure by the company (GGP in this case) of an important discovery, it can indicate that one, or both, may be preparing to make a takeover bid for the company. This is specially true when they believe the market is underpricing the company.

* If they are competing for the same prize (control of GGP) they might bid against each other. This might mean that when, or if, GGP's directors finally recommend shareholders accept, it could be at a price much higher than todays market price.

* That's why this might be good news for small shareholders!