This is Charles Victor McIntosh in May last year telling us about why he was so passionate about IGE. Charles from what I can dig up is a NSW property developer https://www.gannetdevelopments.com.au/
There's a few things with his movements that sit uneasy.
As at the last notice he held 36,653,171 shares after having sold 13,903,379 at an average of $o.1791 for $2,490,364.42.
As at the last annual report his quoted holding was 50,556,550 shares across 2 entities, one Oz based and one Singapore based. The date quoted was 30th September 2019
The prior year they do not stipulate a date but Mac Wealth held 21,000,000 shares, if we assume this also to be as at 30th Sept 2018
Now the becoming a substantial holder notice was lodged on the 21/10/19 for a change that occurred on the 31/10/18 where Mac Wealth Singapore bought 25,000,000 shares for $5m at 20c each and Mac Wealth Oz bought 4,556,550 shares at 20c each for $800k. On the 31/10/18 the shares were not trading and had last traded at 37.5c. Around this time there was insufficient volume and I see no mention of placement nor any exercise of options so am wondering how did Charles McIntosh in fact come to own these shares?
One for the sleuths...
IGE Price at posting:
13.0¢ Sentiment: None Disclosure: Held
The prior year they do not stipulate a date but Mac Wealth held 21,000,000 shares, if we assume this also to be as at 30th Sept 2018
