I am not too sure if I understand where you are coming from with any AMG/GK - YXGC connection.
can you elaborate on why the connection is so significant or what benefits or concerns for you, or even shareholders are there should there be any connection?
imo, I am to believe depending on offtakes Ton could have more than just one processing plant if further demand comes as too further funding.
in relation to Ancuabe, well I believe it would need to upgraded further to do over 50K and up imo!
yet any talk of this at present is certainly pure speculation as further details certainly are required from JV.
with regards to shorting, I hear ya load and clear.
I think everybody can agree that we have seen in the past nothing but relentless shorting on spikes with virtually NO transparency to whom or which would create this a sell the news as you say, expose' indeed.
this is something I have banged on about ages ago, and as much as it happens in markets, to all types of instruments and asx stocks, Ton is not even meant to be on any available short sell list, unless its is via external CFD or other trade desks, so what we are seeing via the asx short sell list is a formality of the low end of what is the obvious and only serves as a formality.
now to others out there,
I think Jaded could be right up to a point, as even I myself have stated it before.
this also was mentioned to BB and he agree's and some of these market internals are beyond his control.
even a asx announcement issued about Ton corporate trading policy, its clear, but yet shorting still went on.
what really peaved me was that even the Registry with data could not resolve many of the trades, back then.
what does this tell us about our financial markets transparency? it tells use there 2 rules
1. retail sucks and 2. retail bites the bone.
back to possible whom.
now lets be clear here, Jaded is not saying that AJ is shorting Ton stock, even I can see that.
if we look at the obvious, there are only 2 likely candidates whom could harness such power to be in some way involved with these short sell events, and again, stock is not available on the available short sell list of stocks.
clearly Citicorp Nominees and JP Morgan Nominees is where the compass is pointing to, IMO.
the register below those (besides AJ which is not lent out being in his own name)
also Citicorp Nominees is not just made up of AJ's stock but a collective of stock with multiple holders.
such rules of these corporations is that they can do what ever they please with your stock.
the only obligation they have with you is that the bean jar counter tells you how many you have and at which value they are at, along with if you want them, here, have them, then they are there to take out or buy more.
it is known that these corps also lend each other stock in ways that would not be agreeable or transparent for all to see, are we all so gullible here to think that "that is not fair"? I certainly hope not, rules 1 & 2 above
Lets check out the last 3 Top 20 TON Shareholders list.
View attachment 64327
over the past 3 changes above, we can see that each time Citcorp has added 300,000 shares per change.
this is not evidence that it is them short selling, its not proof or anything like that.
and it certainly is not anything to do with AJ except that he is a nominee.
key point here is there are 2 rules whether we like it or not, and the corps do whatever they want and make up the rules of the game to suit when ever they feel.
somewhere in the piece too will be infiltrated trade groups doing their duty to the ones whom also have a great deal of interest to lose by any success of Ton, though how much of it is accountable or responsible it is not known as they too may even have such groups and holdings under CitiCorp Nominees or JP Morgan as well.
the exact question is who has the power to obtain TCP/IP and ARP data packets from transfers from the ASX allocated on the certain days and times of the events in question, this would leave the path to a resolve of such trades to whom and where it came from, but then too, you need to get obtain this data from the entity within the nominee's to filter which group inside did the request come, or quite simply a trade tally sheet breakdown of the days trading which also could be had from the clearing houses such as CHESS.
now some bits and pieces for those whom wish to dig deeper, and believe me, the rabbits whole is rather deep and very circular without any doubt when it comes to regulation, authorities and committees as too such committee that also recently done the:
Draft Code of Practice for Clearing and Settlement of Cash Equities in Australia.
http://www.asx.com.au/cs/documents/Code_of_Practice_9Aug13.pdf
as too taken from here:
http://www.asx.com.au/cs/index.htm
and even reading that and all of the below material, we still find ourselves with no actual answer.
yet the only answer to me is that greed wishes to remain anonymous, yet retail, we are fish.
Below taken from a few sources mixed
----------------------------
Regulatory authorities
Firstly the Australian Competition and Consumer Commission (ACCC) regulates anti-competitive behaviour.
ASX operates in a highly regulated environment overseen primarily in
Australia by two independent Australian government agencies - The Australian
Securities and Investments Commission ("ASIC") and the Reserve Bank of
Australia ("RBA"). These government regulators have extensive powers to
enforce the laws and regulations that govern financial markets in Australia.
ASIC
Which laws do ASIC administer?
ASIC administers the following legislation (or relevant parts of it), as well as relevant regulations made under it:
.Australian Securities and Investments Commission Act 2001
.Corporations Act 2001
Regulation
The Australian Securities and Investments Commission (ASIC) has responsibility for the supervision of real-time trading on Australia's domestic licensed financial markets and the supervision of the conduct by
participants (including the relationship between participants and their clients) on those markets. ASIC also supervises ASX's own compliance as a public company with ASX Listing Rules.
ASX Compliance is an ASX subsidiary company that is responsible for monitoring and enforcing ASX-listed companies' compliance with the ASX
operating rules.
The Reserve Bank of Australia (RBA) has oversight of the ASX's clearing and
settlement facilities for financial system stability.
A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations.
In Australia, The Australian Clearing House Electronic Subregister System (commonly abbreviated to CHESS) is an electronic book-entry register of holdings of approved securities that facilitates the transfer and settlement of market transactions between the Australian Securities Exchange (ASX) and the ASX Settlement and Transfer Corporation Pty Limited ("ASTC", the operator of the CHESS system) and its participants.
All equity securities (on the basis of market capitalisation) are held through CHESS. Under Australian corporate law, the issuer must maintain registers for owners of securities. Australian issuers have a contractual
arrangement with ASTC to maintain the CHESS subregister as agent for the issuer. The CHESS subregister is one two subregisters that together make up the issuer's register.
----------------------------
so there are just so many angles to take without going around in circles.
which then one will only finish non the wiser except realising that 2 rules first mentioned really do exist.
main problem overall is that BB or AJ for that matter are not part of "the club" and membership is quite simply far too high for the punter, or even most si's out there.
now on the other hand, if we used Syrah as an example.
look at their Registry, seems to me they have the clout and so called club members onboard.
so its easy to see who or what controls the share price on any given day of that stock, as too the reasons!
so, what exactly will this Hong Kong cornerstone investor do?
It will be shown in the top 20 above what movements are or have been in motion.
think I will wait until further upcoming news gets released and the other shares issued before commenting further as the story will tell itself in due time with respects to our new cornerstone investor.
this is getting a bit long so hope there is enough info above on the matter to at least clarify and confirm that indeed we are going around in circles, but what can be done about it? Anybody know some one from the club whom can help out here? perhaps they would be kind enough to clarify to all us little fish
