Macquarie would need to then disclose if they materially change...

Macquarie would need to then disclose if they materially change their holding - ie dumping. I'm thinking that a lot of other brokers have caught on to macquarie pumping up the price and are then trading on the 31-33c pips.

For Macquarie to have that large of a holding, they would genuinely have a long term holding interest, otherwise they would trade under the 5% threshold in order to avoid all the ASX announcements and compliance issues.

Definitely a good sign seeing them top up shares, should see a slow but steady increase upwards towards June. Floor looking to be 31c unless their is more iceberg trading that we can't see.