price of second placement, page-3

top-pick

Filthy big seller appears at 93.5c this morning, looks like no let for the sorry long term holders.

This company has leaked like a size in the past. My suspicion this close to Gallagher due-diligence report is that the second tranche will not go through due to market crash, some big holders know and are trying to get out before the fact is announced.

I will go on record to guess no placement is more likely than discounted placement. However, this is not the end of the world, still have $70M which in this market is a real plus and surely will get SRK some distance down the track.

Of more concern to me is why the large desperate selling and when will it end?

goodluck