Hi BottomfeederSeems I am not the only one keeping an eye on...

Hi Bottomfeeder

Seems I am not the only one keeping an eye on Troy. I saw the buildup of buyers at 19.5c today (about 8m shares were being bid for) so I took a punt and bought the 470,000 shares that were there at 20c. Less than three minutes later, the 30m shares went through at the same price. For a short period the market still showed Trojan's full 85m shares for sale so I thought it must have been the second largest shareholder who sold since there are only two shareholders with that many shares. However the Trojan holding that was for sale dropped to 55m shares indicating that they were the seller of those 30m shares and then shortly after that the Trojan holding disappeared off the market altogether. My bet is that Troy sold the 30m shares on market and then removed the rest to encourage buyers to come forward. Certainly I am reasonably confident that the whole parcel is going to go this week.

I was surprised to see some 8m shares sold at 19.5c and doubt that Troy would have sold below 20c.

My hope is that Troy will have sold his shares before the end of the week if he hasn't already done so off market and that the huge overhang that has been weighing down on the share price will be gone. Hopefully punters will now see that these shares are incredibly cheap and boost the price from here on in.

If you can get them at 20c and they are selling at that as I post, I think they are a good buy.

GPASAS