Ann: Investor Presentation, page-142

GRR is one of only a few long established magnetite operations in Australia. It wasn't set up to ride a price spike. It's also got a reasonable asset backing and couldn't be classed as significantly overvalued.

Put 33 million shares on the sell lines and see what the market does with that. This prospect has to work or he needs to slip out the 3% of his holding that he has eluded to in order to de-risk his investment. Shouldn't be too hard in a pump to do that but the rest won't be that easy. Making your shareholding public like he has done seems counter productive to me. I suppose he uses the low entry price envy card pretty well and the starry eyed get a false sense of confidence being able to communicate with such a bullish substantial holder. Esh