U seller - Fair dinkum?

A U seller at $0.041

Buyers
Number Quantity Price
1 83000 0.036
2 270059 0.035
4 113235 0.034
1 30000 0.033
1 30000 0.029
1 50000 0.028
1 100000 0.027
1 100000 0.026
1 400000 0.025
1 500000 0.020

Sellers
Price Quantity Number
0.038 121300 2
0.039 586626 6
0.040 410835 5
0.041 121500/U 2
0.042 239500 3
0.044 410238 2
0.045 446450 3
0.046 279600 4
0.047 100000 1
0.048 200400 2


I would have to querie the genuineness of this sale position. As I understand a U bidder or seller requires to be valued at a$200,000 therefore at least 4,878,048 shares.

With daily volumes averaging 601695 for the past 20 days, an estimate extending back would seem to show similar volumes for an extended period.

2/9/2002 614238
427194
70000
612950
737000
477501
795750
621500
138750
2070665
1167877
212700
872000
350183
786428
160868
169300
197700
1731299
6/8/2002 0

Total 12213903

Share price high of $0.045 and low of $0.035 during the 20 day period.

Since 22/07/02 the share price has traded to a high of $0.045.

During this period 17 days have traded to $0.04 or lower with the past 7 days being $0.038 or lower. Yesterday a rise from $0.035 to $0.038 with most trades at $0.038.

Should someone have 4,878,048 to sell and believed the share price was to fall farther, surely they would not bring attention to the share price by emerging as a U seller above the current share price when volumes would determine 8.1 days trade to sell that number of shares (on average daily trades).

Is there a double bottom, low $0.035 ( 6/05/02 and 30/08/02) high $0.055 (10/07/02).

With CAG announcing $90mil in contracts in recent months and the market not really embracing the contracts the share price has remained near all time lows.

If CAG can make $20mil nett from these contracts over 2 years that gives $0.01 yearly earnings per share (1 bil shares) per year. therefore with a PER of 12 gives the share price the potential of $0.12 per share. Surely this is a conservative outlook.

Yes I own CAG and would appreciate other views.