Unreasonable good financials projected for Stonehorse Energy, page-41

Have compared last years T20 holder to this years thanks to snob link.
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	Top 20 holders on 28/09/2022	Number ofShares	%	% of T20	% change in individual holding from 28/09/2022
1	Watch Hill Holdings Limited	70,000,000	10.23%	18.2%	0.00%
2	Roca Investments Limited	65,000,000	9.50%	16.9%	0.00%
3	Fastwitch Enterprises Pty Ltd	39,500,000	5.77%	10.3%	0.00%
4	Norfolk Blue Pty Ltd	32,050,000	4.68%	8.3%	15.76%
5	Mr N P Hopkinson & Mrs M J Hopkinson	31,300,000	4.57%	8.1%	15.93%
6	TK Kingdom Pty Ltd	25,500,000	3.73%	6.6%	-1.96%
7	Wingstar Investments Pty Ltd	14,603,750	2.13%	3.8%	0.00%
8	Mr Yongjia Tang	14,500,000	2.12%	3.8%	20.83%
9	Mr Benjamin Mok	12,300,000	1.80%	3.2%	-2.66%
10	Bnp Paribas Nominees Pty Ltd	12,131,768	1.77%	3.2%	??
11	Mr V S Truong + Ms Thi N Ha Doan	8,857,200	1.29%	2.3%	??
12	Mrs Ria Joanne Rovira	7,845,000	1.15%	2.0%	-40.09%
13	Brookside Energy Limited	7,500,000	1.10%	2.0%	0.00%
14	World Trend Limited	7,466,666	1.09%	1.9%	0.27%
15	Citicorp Nominees Pty Ltd	7,028,510	1.03%	1.8%	-5.77%
16	Mrs Lucy Koppes	6,403,335	0.94%	1.7%	0.00%
17	Castlebell Pty Ltd	6,000,000	0.88%	1.6%	0.00%
18	Airden Investments Pty Ltd	5,580,000	0.82%	1.5%	??
19	Harold Cripps Holdings Pty Ltd	5,308,333	0.78%	1.4%	??
20	Mr Brett Justin Beyer	5,214,233	0.76%	1.4%	1.51%
21	TOTAL	384,088,795	53.86	100.0%
22	Total remaining holders balance	300,371,288

Last column shows the percentage change in holding from last year holdings

4 new holders entered the top 20 (indicated by last column showing ?? )
4 increased their holdings indicated in green (% is as percentage of last years holding)
4 decreased their holdings indicated in orange(% is as percentage of last years holding)
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Its looks like the top holders have held or are strengthening their holdings probably due to strong convictions.
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4 of last years holders dropped out, these were near the bottom of last years T20


The holders that sold out were in the bottom 5 of last years T20,