re: ml bond issue Rakia,
The top 4 holders are not necessarily holders per se. They are custodian holders for other individuals/companies.
And if these individuals/companies have anything less than 39M shares, they dont have to disclose anything to the ASX.
The Nominees, particularly in Nido's case, make it almost impossible to figure out what is going on behind the scenes by the high rollers.
ndo npv calc, page-40
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