Other than Copulos selling out (his pretty much free shares), we still have not seen a single significant change of holder notice from any institutional or soph shareholder.
Our top 20 still consists of high net worth mining investors and funds who accumulated at prices higher than this.
I cant help but feel like the SP is being positioned in preparation for a takeover bid, perhaps by AME, and the board knows it, which would explain the 10% position they recently took.
As a long term Cardinal shareholder, it felt like this earlier this year when the SP dropped (was shorted) to around 26c prior to Shandong and Nord both entering for takeovers and the SP has since risen 400% with both parties still battling for control. Not cross promoting.
Ann: Addendum to Notice of Annual General Meeting, page-26
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| Open | High | Low | Value | Volume |
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