Both spikes user23 resulted in NO CR!
In fact the last public NRRI CR was in 2012 at 10c when AF bought in large volume and the SP then went to 30c a 3 bagger annual ride up.
The last real CR was in 2014 at 18.0c by SIs including Citigroup & JP Morgan & ABN AMro who all have been eerily quiet on the run on the broker data only appearing this week on low volume (unless they are using ChiX).
Newexco has been given shares for drilling before with great results finding Abi Rose high grade at EA LJ & BNYM is getting 12M shares pQ at this rate of 8.5c way lower than the prior 21M pQ.
BNYM has taken at 5.3c on my maths already 19M +19M +19M JuneQ due =57M + 13M July = 70M
the subholder level in 40M shares
At this rate they will overtake AFs 119M shares of 15% by August 2017 (previously March 2017) unless the SP spikes up like it has.
I think the lower the SP stays the more BNYM will keep building its stake bearing in mind its brother yank Instos JPM (42M) & Citi (28M) are already top 2 & 3 holders in POS.
AF is being surrounded by yank Instos as topholder..dangerous if SP stays low.
Time for AF to put his foot down for the company he led and chaired 2006-2013 for 7 years.
The top20 hasnt been released since the last AGM in November so may see interesting changes at the next AGM.
8.1c-12c is the gapup/gapdown range yet again. Its flushing up and down this range.
sweep sweep.
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