I just had a look at the recent top 40 for MNM, I recognise and know virtually ever holder in the top 10.
Most of them are long term holders who are accumulating or Management...
TONKA TRADING PL--------Martin blakeman MCNALLY CLAN INV PL-----Long term SI BANKS-SMITH KATRINA F----long term holder SUPER PIPELINE PL----they bought more last month JHS & D PL MYCATMAX PL----sold 100 000 during October DE BELLE S + SHEEHAN J---MNM Management ANDERTON PETER ROBERT----Management IRIS SYDNEY HLDGS PL BLAKEMAN MARTIN A-----Martin blakeman CITICORP NOM PL-----Fortrend have actually bought a few more DE BELLE S + SHEEHAN J-----MNM management
Majority of the other holders have less than 3 million MNM ...Holder #21 has 2 million MNM so whoever is selling,,,,cant have many left unless they shorting MNM?
From what I can see, during October, a few of the top 10 bought a few more shares/oppies. I saw one of the above sell about 100 000 MNM (Mycatmax)
I wonder if the seller has shares or can they short MNM???
The register is getting tighter by the day, the faithful big boys are getting even more greedy/bullish if their holdings are a reflection of their faith
MNM Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held