Midnight Rambling, page-5

"The volume, ASX only i couldn't find the chi-x numbers stands at around 8.85m shares which equates to about 5.3% of shares on issue."

"The low turnover may be due to top 20 controlling more than 70% of issued shares."

That's right, you really should work by 8.85m shares traded (excluding chi-x) divide by free flowing shares because most of top 20 won't sell or unable to sell (eg directors).

IMHO I'm hoping large player (SBM) will just buy us out in cash or shares. This way we can accelerate drill program and not to wasting time negotiate fund (CAPEX) and toll treatment of ore.

I prefer if SBM make an all script bid. IMHO this might actually happen because:

1) SBM share price is very strong so it won't dilute SBM holders much,
2) they already own 9.5%,
3) Rob's team and continue working on those projects and more exploration projects for them to look into, and
4) large holders like Resource Capital and HHM associates can continue investing in SBM with dividends from SBM.

Just IMHO