Ann: Appendix 3Y Change of Director's Interest Notice, page-7

And he did not even wait to collect his 6 cent/share ff dividend for most of those sales, (if not all) it seems.

That is indicating he is losing interest in SBM.

The previous notice did make sense because he would have been slugged a very significant tax bill on the 4 million shares he was handed as performance bonus. I have no issues about that sale.

This latest sale is different. He wants to redeploy money from his SBM investment into other activities. Reduces his risk and possibly sees better investments elsewhere.

Like I have been saying for about 12 months and the company has acknowledged it as an issue - SBM lacks a growth profile. NST and RRL have that. EVN has Jake the miracle worker. RSG is cheap because of its relatively poor Sept 2017 report and the risks associated with its mines being in transition and in risky locations (except for Ravenswood which is in QLD).

For now I am sticking with SBM in the hope that institutional investors will lift its share price. RSG is my biggest "investment", second largest is SBM.

loki (arrrghhh)