Ann: Ceasing to be a substantial holder, page-10

I've been reassured the Acorn selling is more rebalancing and are still committed to STM longer term.

I would say many funds are locking in some profits (they did buy at 1.4c) and reducing risk a little in this environment.

Bramaderos keeps looking better and better, and Ecuador has committed to their pro-mining investment strategy. Gold and copper both looking solid medium term. Just need that permit.