Ann: Change in substantial holding from SNO , page-7

Agreed. But they only sold a small proportion of their holdings. They still have more than 18 million shares of OVR and are only behind Macquarie and Glencore as substantial shareholders.

Don't you think the fact that they are even buying in at the current price is that they are predicting more potential. Of course, this makes more sense as the resource is now bigger and the corresponding valuations will have to be upscaled.

Also, the purchases were made on the 1st of December...perhaps they are still buying up on market for the last couple of days. We have had a few 200K++ days since then...