Ann: Invitation to Participate in Share Purchase Plan, page-23

Ok, I understand.

I just don't see the recent rise in SP as artificial at all. There has been a good felling about the news coming out, people were buying up, there is no other way to read the buy/sells. The Ann. have shown large holders increasing their stake, so they take a fair number of shares. If there was a flood of sellers, the price couldn't possibly have risen. I just can't anything artificial I guess.

Op. prof, I'm not sure at this point because last numbers I ran for some months ago. IMO It will be slightly on the miraculous side if they do it in 2018, but then which year doesn't bother me. I do believe we will see increased buying and therefore SP as they approach prof. People trying to get in for an anticipated rush.

I'm not sure how we question where they will cut costs, or how they have to date, because those are internal business decisions, we don't have granularity on that. They've cut heaps so far and appear confident to keep moving in the same direction. That really sounds like a phone call to the MD for those answers (and he wont give you much detail anyway).

So for me prof is early 2019, but SP will move somewhat independent of that. I'd expect to see some FOMO and then a bit of anticlimax feel after they ann. prof.

As I say, for me its a long hold and will be a slow burner in many regards. Always remembering that slow burners can still explode!