Couldn't help myself but to follow up on my post from yesterday. Looks as though that ' Algo ' 3 million by 6 times dropped off almost immediately after I had spoken of the possible ASIC repercussions......
I guess on a stock like this where it is only sitting just above a half a cent , 18 million on the SELL side which is clearly an intentional structure could be significantly deemed as ' Manipulation '.
On another point of interest , one must also consider that Western Resources Pty Ltd was paid a 'Notional ' equivalent of 1.5 cents per share when they were issued the consideration of $150,000 PLUS 15 million shares at approximately .005 cents back on 4th October when CAV purchased its 80% of the highly prospective Ora Banda South gold project. And then going further back in time in July 2021 , it was paid $250,000 PLUS 50 million shares at approximately .008 cents for the acquisition of 80% of Kookynie ....which puts it at a notional 1.3 cents just for that project.
In BOTH instances the shares allocated to Western Resources Pty Ltd were escrowed for 3 months.....and yet as at September 20th 2022 or the last recorded Top 20 , they ( Western ) were still holding their 50 million share just prior to receiving a further 15 million for the acquisition of Ora Banda South tenements.
Not sure if they ( Western ) are still holding the 15 million or even the first 50 million shares , but I'd say given they held the 50 million for over a year when they could have sold down anytime after 3 months from July 2021 would suggest there is a good chance they still are.
So effectively if you are buying stock at current levels , you are in actual fact buying below the price we even paid for this project with the shareholders script. Of course as it has been mentioned already , you also have the fact that the Soph's had paid 1.1 cent in the last capital raise back in 2022 to the tune of 240 million new shares and 120 million ' Free ' attaching 1.6 cent July 31st 2023 options and another 40 million options granted to Golden Triangle Capital for the underwriting of that issue. There are in fact more of those 1.6 cent options that that with the carried f'wd 28,999,998 from the 2021 calendar year bringing the total to 188,999,998....... with the Directors tipping a total of $400 grand of their own with 18.182 million share issued.....
Hmmm 18 million , coincidence or where have I heard that number recently. .....
For anyone who would like to pass the time while you wait to see what the CR details end up being , here is a Hybrid ' content I have extract and put together from analysis I had previously posted in regards CAV's Top 20 structure sprinkled with a bit of history which I feel some of the newer Investors might find interesting.
You can go all the way back to 2020 where you will see that Eckoff fellow from the old AVZ selloff days who virtually did the same thing with CAV and did some almost irreparable damage to the SP with his selling from around the end of Sept - early October 2020.
However , getting back to the shareholder composition and structure of CAV , when I say ' Accumulate ; I mean , I have never in almost my entire trading and investing life of 40 years .....NEVER seen a Share Register comprised of such intertwining insiders represented by no less than 9 holders who either are , or have a SIGNIFICANT geological background , and almost an equal number of high profile professional investors and / or holders who are also related to each other by connections to the stock broking Industry or other Directorships.
So you can do the numbers yourself on the related party holdings of the Coulson family here or even look back on my earlier posts where I have clearly talked about the sheer number of Geological expertise associated with this stock.
However to save you some time , there are NO LESS than 9 persons sprinkled throughout the CAV Top 20 holders who are and have significant Geological backgrounds and expertise. And that is simply amazing in my opinion.....with some being CAV BOD members like DEG's esteemed head Geologist Andrew Beckwith ...while others are not from other backgrounds. But I count at least 9 in my research in the Top 20.
But where it gets very interesting for me is when you look at some of the ' Other ' inside connections to the commonalities of the stock broking industry and the professional Investors like for instance Philip Coulson , Gavin Jeremy Dunhill , Thomas Bahen , Craig Bromely ,Michael Patrick Lynch , and Zane Lewis.
So for starters and those who don't know , Phillip Coulson was a senior Advisor for Montagu StockBrokers and Patterson Securities who bought out Montagu in December 2008. Of course Patterson's was then bought out by Canaccord Genuity on 22nd October 2019.
Of course one should also know that Craig Bromely was the OWNER and principal at Montagu Stockbrokers and is ALSO the owner and Director of CAV's Top 20 holder in Flue Holdings Pty Ltd. and their 30 million shares in 19th spot.
It can be further found that Thomas Bahen who is the Director and owner of CAV's No. 10 Tp 20 holder with 50 million shares iand is currently the Director of Institutional Sales and Wealth at Patterson's ( formerly Montagu and Now Canaccord ).
You also had BOTH professional investor Gavin Jeremy Dunhill in 2021 as well as Phillip Coulson's Company Secretary and Director mate from ASX Fargo Enterprises ( now ASX Odessa Minerals : ODE ) coming onboard significantly in the last CAV capital raising at .007 through Golden Triangle Capital Pty Ltd through its underwriting and who is headed up by none other than Zane Lewis.
And the funny thing here is these ' Broker / Financial / Director / Professional Investors can be threaded back through the ilk of Vital Metals and other significantly higher valued spec mining companies. So they clearly have ' Intent ' and group together to make things happen on certain stock when they want it to happen.
So back in 2021 , you had the Company being held 49% plus by these Individuals ....which in itself was quite high compared to other spec mining companies , and now you have virtually the same collection of individuals holding 53.78% or potentially even more if you count some of the larger ones sitting just outside the Top 20.
You also have this indirect connection through Zane Lewis and Golden Triangle Capital who through his Directorship / Company Secretarial function at Fargo ties up with Phillip Coulson who was also a non-executive director of Fargo and where Mr Lewis can be identified to Golden Triangle through a director's change of holding notice on Fraser Range Metals Group Limited. So there is a connection here by definition with Lewis - Coulson - & Golden Triangle. You also have the connection with Lewis to Golden Triangle Capital in his change of directors notices with Kairos Minerals Ltd.
Remembering ALSO that :-
CAV had proposed to issue 300 million shares at an issue price of $0.007 per share, together with 150 million free attaching options exercisable at $0.01 on or before July 31, 2022 ....whereby Golden triangle Capital Pty Ltd had been appointed as lead manager for the 3 September 2021 raising.
Interesting also , the connection to Kairos Minerals as well . Particularly when you compare their Top 20 where not only do you find the former Klaus Eckoff who is a Director with Zane Lewis , but also Coulson's Troca Enterprises , Ocean View W.A Pty Ltd , Vienna Holdings , and McNeil Nominees which is of course as already stated is wholly owned by Shaw's Stock Broking. and who is now controlled by the Swiss group EFG International.
In CAV's 2021 Annual Report you also had the common Top 20 shareholder Flue Holdings who is headed up by another mining executive Craig Bromley with their 30 million shares held at that time - PLUS you also had Dunhill ( Gavin Jeremy ) who was a high profile and RENOWN professional investor who also had 31 million shares at that time and has since disappeared from the current Top 20 holders.
You also have Dunhill ( Gavin Jeremy ) is recognised as a RENOWN Professional Investor who also came onboard Carnavale Resources Top 20 .
You also have the interesting financial connection with Canaccord Genuity who for those who don't remember bought Patterson Securities on 22nd October 2019
So the connection here is that one of our current Top 20 holders in Kobia Holdings Pty Ltd , and who had increased significantly its position in CAV is headed up by Thomas Bahen who is a Director of Kobia as well as Executive Director in charge of Capital Markets at Canaccord Genuity.....
So not only did Kobia hold 50 million alongside Western Resources in CAV's 2021 Top 20 , they also sat in 20th position with 26,571,479 held in his own name with his wife which would now be ( if he still held those ) outside of the 2022 20th positioned McNeil ( Shaw's ) with their 28 million. So now Kobia holds in that account 60 million or 10 million more than in 2021
It gets even more interesting when you see that in 2021 you had BNP - ( ACF Clearstream ) where Clearstream had been mandated by BNP Paribas Securities as a sub custodian in Australia and New Zealand and as a International Securities depository ( ICSD). So they are Headquartered in Luxembourg and are part of the Deutsche Bourse Group who provides the post trade infrastructure for the Eurobond market and services in over 58 domestic markets worldwide with over 15 Trillion Euros of assets in custody countries , and is one of the Worlds largest Institutional Fund Managers. Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.
So what's interesting when you reflect back from now verses their holding in 2021 is this almost staggering ' movement ' of BNP( ACF Clearstream) into CAV No. 1 holding position from their 3rd placement in 2021 with its 4.47% holding with 108,675,248 shares to its now No. 1 Top 20 position with its massive 11.55% and 313,988,812 shares held at September 20th 2022.
So that's an absolute increase of 205,313,564 shares .......and almost as much as the 240 million issued in the last raise in February 2022. ......
And not that it matters all that much - But BNP 'S ( ACF Clearstream ) account is ALSO a Top 20 holder among its other BNP accounts in BOTH DEG as well as BRN. So that is interesting as well when you look at the complete polar opposite investments from a ' Mandate ' point of view.
Anyway ......just a bit of history and food for thought as to the intertwining complexities of CAV's current register which in my view sets it up amazingly well for further interest and potential Corporate activity......
(20min delay)