WIN 4.35% 2.4¢ win metals ltd

Ann: Becoming a substantial holder, page-11

  1. 156 Posts.
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    The seller is one of three: WAM, Linfoot One Super or Neometals. It cant be David Reed as no change of substantial holder announcement was released. My guess is Neometals as they held exactly 5m shares which is the same as the Farjoy announcement. With NMT on a $9m/qtr cash burn rate and only $32m left in cash at end-march 2023, I would be very be confident it was them who sold. Farjoy also holds NMT as third largest shareholder
 
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