Ann: Change in substantial holding from TAU , page-4

Usually, I am a bit loathe to dwell on these sorts of matters because the exercise tends to be a trite on and invariably it adds no value to the debate surrounding fundamental value, but the temptation in this case is simply too strong to resist:

Hunter Hall has, sinced it commenced selling PMP in earnest in around the middle of December 2012, reduced its holding from some 59 million shares (representing 18% of the issued capital of the company) to 18.5m (6% of the outstanding stock) at the date of the most recent update.

That the market has been able to absorb this quantum of shares, in a market that is notoriously illiquid in repsect of PMP stock, is noteworthy.

But that this has occured against the backdrop of the share price of some 18c at the start of the Hunter Hall "firesale" process, to 21c-odd today, is a highly significant outcome, no matter how it is viewed.

There. I said it.

Cam