OMG,
how crazy was the close
Just realised guys. Afters todays volume [2.5mn], we have an entirely new tradeable share structure
The top 20 SH owned 73.61% of the company on May 31. As of now, I would say after recent buying over the past 2 weeks that the top 20 SH now own, probably, in the vicinity of 85-90%.
In addition to this, Martin Place Securities coverted the option shortfall, giving them a larger stake.
All in all, probably only 10% of shares are tradable.
That 10% equats to maybe - if my memory is correct - between 6-8mn shares.
Thus todays volume of 2.5mn is HUGE.
Its around 40% of the TRADEABLE STOCK.
Going forward there is simply, NOTHING LEFT
With the upcomming JORC estimate to be released "in June" [as we have been told on multiple seperate occasions], this will fly to 60/80c after announcement of a multi-billion dollar reserve.
Amazing how a stock can be left so undervalued in the current environment
.........junior will fly tomorrow.............
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