lastdollar,
Good question.
The total number of shares acquired is substantial and anytime I've seen this sort of large acquisition, the stock gains a refreshing boost in support. Nothing much obvious but they wouldn't be taking such a large position in GPN without good reason.
With several irons in the fire and announcements overdue when the news is announced it should become more obvious why they bought the large stake....116M PLUS SHARES...
(NOT SURE WHAT HAPPENED WITH THE FORMATTING BUT ANYWAY, HERE'S AN EXTRACT FROM TODAY'S NEWS)....
DATE OF ACQUISITION AND CONSIDERATION
On 2 July 2008 Woolmaton Pty Ltd, Jalein Pty Ltd and Westchester Pty Ltd acquired by way of a new issue under the offer by the company a total of 36,214,286s haresa t a priceo f 0.7 centsa share Between8 July 2008 and 19 September2008a ll of the holderso f the relevant interests as the registered holders with the exception of Westchester Pty Ltd purchasedp rogressiveloyn marketa totalo f 80,910,559s haresa t varyingp rices between0 .8 and 1.0c ents
GPN
greater pacific gold limited
