Ann: Fully Underwritten Non-Renounceable Rights Issue, page-26

Since the announcement of the rights issue on the 09/09/2014 until close of trading today there has been 8,790,012 shares traded for just over $1.5 million at a VWAP of 17.8c.

	Column 1	Column 2	Column 3
0	Volume	Value $	VWAP
1	8,790,012	$1,545,878	0.178

With the current shares on offer being 315,663,391 the 8,790,012 shares traded since the rights issue announcement represents 2.79% of the total shares on issue. Assuming even a third of these shares were bought by one party we should see an increase in substantial holding form sometime soon. That is unless it is a new buyer then they would need amass 5% before needing to make an announcement in which case no announcement would be made.