I am going to call this out.
Our share price is being punitively manipulated. The top twenty shareholder at 8 August 2023 held 67.59% of our stock. We have 1,394,239,175 shares on issue. Top twenty owned 942,366,258 shares. Come to end of Feb 2024 and some of the top have disappeared along with 752,195,886 shares or 79.82% of the top 20 shareholdings.
This is the top twenty from 8 Aug 2023.The Top 20 Shareholders of EUR hold 67.59% ofshares on issue.
Data supplied by Morningstarand accurate on Aug 8, 2023.
The yellow highlighted holders have disappeared.
Name
Shares
Capital
1 BNP Paribas Nominees Pty Ltd Acf Clearstream
548,665,725
39.35%
2 Citicorp Nominees Pty Limited
78,556,017
5.63%
3 Dempsey Resources Pty Ltd
62,931,578
4.51%
4 HSBC Custody Nominees (Australia) Limited A/C 2
49,990,403
3.59%
5 Hsbc Custody Nominees (Australia) Limited
36,240,941
2.60%
6 Okewood Pty Ltd
28,200,931
2.02%
7 Battle Mountain Pty Limited
22,738,140
1.63%
8 BNP Paribas Nominees Pty Ltd <IB AU Noms Retailclient DRP>
20,786,388
1.49%
9 Bnp Paribas Noms Pty Ltd <Drp>
17,956,412
1.29%
10 Pixsell Pty Ltd <Pixsell Unit A/C>
15,000,000
1.08%
11 Winance
11,344,268
0.81%
12 Moab Minerals Limited
11,000,000
0.79%
13 Cass (Fze)
7,500,000
0.54%
14 Mr Antony William Paul Sage and Mrs Lucy Fernandes Sage <Egas Superannuation Fund A/C>
5,540,578
0.40%
15 Superhero Securities Limited <Client A/C>
5,394,608
0.39%
16 Michael Stanley Carter <The Carter Family A/C>
5,000,000
0.36%
17 North Shore Advisory Group Pty Ltd
4,500,000
0.32%
18 Mr Dietrich Lothar Wanke
3,766,684
0.27%
19 Mr Douglas Mcdonald Bennett
3,750,000
0.27%
20 Gulli Superfund Pty Ltd <The Gulli Family S/F A/C>
3,539,585
0.25%
This is a current list It is only 16 but you can get the picture.
The top two are substantial holders. If their holdings change by 1%, they have a duty to issue a change of substantial holding notice and continue to do so until below 5%. There has not been one notice issued. These shares have not been placed en-masse on the market IE number one selling 548M shares in one hit. They have been drip-fed onto the market as to deceive the general market participants and not cause a general sell-down.
I have not tracked the average volume but with 2.5M shares sold daily, plus any organic selling, this would take more than a year to clear. So where are the shares and why are some not still showing? This top twenty MIA must still have some.
This is just EUR. But you add in CLE and to a lesser degree CUF, a pattern starts to be seen.
This is CLECLE Top 20 Shareholders 2023
Data supplied by Morningstarand accurate on Aug 31, 2023.
The Top 20 Shareholders of CLE hold 51.16% ofshares on issue.
Name
Shares
Capital
1 European Lithium Limited
1,180,256,849
11.50%
2 Bnp Paribas Noms Pty Ltd <Drp>
793,062,119
7.73%
3 Okewood Pty Ltd
423,375,858
4.12%
4 M3 Metals Corp
400,000,000
3.90%
5 First Investments Holding Limited
278,178,538
2.71%
6 Gilmore Capital Limited
225,000,000
2.19%
7 Angkor Imperial Resources Pty Ltd <Turkish Bread S/F A/C>
222,000,000
2.16%
8 BNP Paribas Nominees Pty Ltd Acf Clearstream
197,938,352
1.93%
9 Capretti Investments Pty Ltd <Castello A/C>
190,000,000
1.85%
10 Celtic Capital Pty Ltd <The Celtic Capital A/C>
185,647,059
1.81%
11 E-Merge Fze
160,000,000
1.56%
12 Esplanade Consultancy Pty Ltd <The Ryki A/C>
160,000,000
1.56%
13 Alpha Capital Anstalt
155,000,000
1.51%
14 Doraleda Pty Ltd
150,387,500
1.47%
15 Stonefield Developments Pty Ltd <Stonefield Discretionary A/C>
109,337,223
1.07%
16 Westcap Pty Ltd
100,203,127
0.98%
17 Ghan Resources Pty Ltd
91,804,278
0.89%
18 Tribeca Nominees Pty Ltd
80,000,000
0.78%
19 Mr Bruno Seneque <Seneque Family A/C>
75,000,000
0.73%
20 Exchange Minerals Limited
72,939,201
0.71%
This is a little different as the second top shareholder is on par with Winance Investments and they have spat the dummy and picked up their bat and ball and headed for the hills. The affect of the them selling en-masse at 0.002 is in effect also punitive manipulation of the share price.
Here is the current CLE top twenty
CUF is less affected but highlights a pattern.CUF Top Twenty
Data supplied by Morningstarand accurate on Sep 18, 2023.
The Top 20 Shareholders of CUF hold 61.18% ofshares on issue.
And the current top twenty
Name
Shares
Capital
1 Gold Valley Iron Ore Pty Ltd
203,667,341
17.77%
2 Dempsey Resources Pty Ltd (i)
120,848,635
10.54%
3 Gecko Mining Company Pty Ltd (i)
91,425,000
7.98%
4 BNP Paribas Nominees Pty Ltd Acf Clearstream
29,832,288
2.60%
5 Dempsey Resources Pty Ltd (ii)
25,300,000
2.21%
6 Antony William Paul Sage & Lucy Fernandes Sage <Egas Superannuation Fund>
24,923,010
2.17%
7 North West Iron Pty Ltd
20,000,000
1.75%
8 Cauldron Energy Limited
17,913,868
1.56%
9 European Lithium Limited
15,000,000
1.31%
10 Whitey Tiger Pty Ltd <The Wtl A/C>
14,915,554
1.30%
11 Goldvalley Brown Stone Pty Ltd
14,603,535
1.27%
12 Lsg Resources Pty Ltd
13,946,259
1.22%
13 Gecko Mining Company Pty Ltd (ii)
13,000,000
1.13%
14 Mrs Samantha Helen Louise Young
12,500,000
1.09%
15 Rimoyne Pty Ltd
11,194,006
0.98%
16 Citicorp Nominees Pty Limited
10,816,624
0.94%
17 HSBC Custody Nominees (Australia) Limited
10,733,470
0.94%
18 Mr Brian Peter Byass
10,382,745
0.91%
19 Redstone Metals Pty Ltd
10,300,000
0.90%
20 College Search Pty Ltd
10,000,000
0.87%
CUF Current top Twenty
The common denominator to these three companies is that Tony Sage is the chairman of each company. The other common denominator is the timing. The third common denominator is the MO of the parties, how they have done it and the lack of notices.
Name
Shares
Current Value
Change %
Portfolio %
19%
Goldvalley Brown Stone Pty. Ltd.
218,270,876
AU$2.8m
0%
no data
12.8%
Cyclone Metals Limited
146,148,635
AU$1.9m
0%
no data
9.11%
Gecko Mining Company Pty. Ltd.
104,425,000
AU$1.4m
0%
no data
2.17%
Antony Sage
24,923,010
AU$324.0k
0%
no data
1.75%
North West Iron Pty Ltd
20,000,000
AU$260.0k
0%
no data
1.56%
Cauldron Energy Limited
17,913,868
AU$232.9k
0%
no data
1.31%
European Lithium Limited
15,000,000
AU$195.0k
0%
no data
1.3%
Ross Levin
14,915,554
AU$193.9k
0%
no data
1.22%
Youfu Zhou
13,946,259
AU$181.3k
0%
no data
1.09%
Samantha Young
12,500,000
AU$162.5k
0%
no data
0.98%
Rimoyne Pty Ltd
11,194,006
AU$145.5k
0%
no data
0.91%
Brian Byass
10,382,745
AU$135.0k
0%
no data
0.9%
Redstone Metals Pty Ltd
10,300,000
AU$133.9k
0%
no data
0.87%
Kun Song
10,000,000
AU$130.0k
0%
no data
0.87%
College Search Pty Ltd
10,000,000
AU$130.0k
0%
no data
0.46%
Okewood Pty. Ltd.
5,250,000
AU$68.3k
0%
no data
0.44%
Mark Hancock
5,000,000
AU$65.0k
0%
no data
0.44%
Nicole Fulcher
5,000,000
AU$65.0k
0%
no data
0.44%
Scott Fulcher
5,000,000
AU$65.0k
0%
no data
0.35%
Scott Meacock
4,000,000
AU$52.0k
0%
no data
0.017%
Yuzheng Xie
200,000
AU$2.6k
0%
no data
I believe these shareholders have the right to sell. However, i believe that this is wokism and the reason to sell is that these companies do not want to be seen doing business with Tony at any cost, which is judging him guilty until proven innocent. As a result we the average shareholder are punished because the market is not allowed to operate in a fair and equitable manner.
If the liquidator has a case against Tony, then he should state it. If the press mis-reports it or sensationalizes it then the liquidator should correct the matter. Until Tony is judged guilty then he must be treated as innocent. At present we the shareholders are bearing the brunt and we shouldn't.
I have sent a letter to ASIC. I hope that everyone of you do so as well.
Subject to the response I get, I am wondering whether we shareholders have a course of action via a class action.
EUR should have risen rapidly, CLE has a first class product and should be higher, CUF I do not know but supports my findings.
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