Ann: Change in substantial holding, page-38

Since 22 August (when EIG decided to sell 44.3m shares to JP Morgan at $0.45), 41.2 m shares were traded until yesterday, plus 2.2m as of now.

Assuming this was all JP Morgan selling (unlikely, as there are other participants trading too) then we should be close to the end of the selling that we have seen - and hopefully we can continue the momentum that was building prior to that announcement and in anticipating a good outlook and financial close.

ID mentioned 4-8 weeks to financial close in the conference call on 21 August 2018. This coming Tuesday will be 4 weeks from that call, so we will enter the range for a few price sensitive announcements.

Hopefully, ID stays true to his words, and isn't too busy enjoying his $850k salary plus performance bonuses

PS - Did you see what happened to Myer when they announced a change in their CEO yesterday.

Myer Chairman, Garry Hounsell, said: “The FY2018 financial results are disappointing. When it became apparent to the Board that the execution of the strategy was not going to deliver an improved financial performance, we made the decisive move to make significant leadership changes.”

Immediately, following this announcement MYR share price increased 50%.

Our Board needs to act decisively too.
12 months has now elapsed, with no material drilling on the WSGP - why?????