I went onto the LMB website today and checked out the Top 20 holders. I then compared it to the Annual Report which was as of 21 Sep 2012. ie Approx 7 months earlier then this website (25th April).
What i found was that the Top 20 has not substancially changed since then which is important as it means top holders are staying in there. There were also some new entries...
So I am not sure what is causing the downward pressure on the stock but does not seem to be any substancial Top20 selling.
HXG Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
