i expect that by tomrrow we will see RockCheck crack 20m shares. so they will hold 20m/150m = 13.33% of the ordinary shares on issue.
top holders will look like this:
RockCheck 13.33% MD & Silcock 10% Geologic RP 6.7% Merrills 7% Tuarus FM 7%
these holders hold over 44% of the shares on issue.
can anyone tell me if the AXOG count towards the % of the company held? ie looking at the holdings in AXOG Indus looks to have around 43% of the stock. that would suggest its real holding in AXO is around 27m shares fully diluted, or around 13% fully diluted, where as RockCheck has around 10% fully diluted.
my question is can RockCheck buy up to 19.99% in the fully paid and then buy another 19.99% in the AXOG? if they can that will see them holdings 29.98m ordinary shares and 9.995m AXOG.
so if they are restricted to the AXO limit of 19.99% in the fully paid they might then start buying the convertibles. if this happens they will end up with around 40m shares fully diluted.
i have noticed that the turnover in AXOG has been increasing, i am wondering if RockCheck is also buying these and if they have to disclose these purchases also. anyone?
also, if some of the fund managers are selling down their holdings in AXOG do they have to disclose these sales? ie is it a change in substantial holding?
RockCheck is buying around 500k everyday, it looks like their orders are always around $0.22 - $0.24. Zhang probably cant beleive his luck, he will be able to buy the same number of shares he did before with a 1/4 of the cash.
AXO Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
