Ann: Becoming a substantial holder - TASOF , page-16

All good guys and agree with comments 100%.
With the transaction for 002c, made some enquiries as promised. They put a lot of $ into CGP last year and deal was they could convert to shares. The conversion although very opportunistic was in accordance with the agreement (under previously Executive Chairman).
What it does say IMO is that they chose this moment as they think CGP is heading north and therefore will make more $ by converting now.
Obviously if you look at the negative you have them and the previous executive chairman with shares they may want to offload. Price action to date does seem to support there is little interest in unloading large amounts around this mark and they are waiting for higher prices.
Also heard there has been a bit more $$ raised during the week in the SPP - that's good news as well.