Hi Jula,
In regard to your concern about Hogan partners selling, I think you’re jumping at shadows here (no offence intended). As others have stated on this thread people and directors lighten their portfolios for all sorts of reasons. I’m sure there have been several UMC shareholders who have been margin called in the recent market rout which has caused in my opinion this stock to be way over sold. Ideally, I agree with you in the respect that I’d prefer not to see any director or major shareholder lighten up in this stock.
You will also note that Jim R has lightened his position by 335,000 units which is a very small percentage of his overall holding. If there was something sinister going on or bad or less than good news on the horizon then Jim would have off loaded much more stock accordingly. Personally from what I’ve heard about Jim I don’t think he’s that type of bloke and would be intending to hold for the long haul into the alumina development.
Its also worth noting that there have been several new additions to the top 20 list including ALAN BIRCHMORE. There has also been no change to Fehlberg’s position. The updated total number of shares are also up slightly on the last list albeit that the April list only consisted of 19.
From memory Bungy posted the difference in shareholders / shareholdings between the previous 2 lists. So here is a similar one below.
Top 20 Shareholders
THUNDELARRA EXPLORATION L
20,400,000 shares Down 950,000
RICHARDS JAMES MCARTHUR
5,300,000 shares Down 325,000
NATIONAL NOMINEES LTD
3,209,985 shares New holding
ANZ NOMINEES LIMITED
3,159,152 shares Up 687,652
FEHLBERG B & LOVELL SL
3,000,000 shares Same
RBC DEXIA INVESTOR SERVICES
2,000,000 shares New holder.
TRAOLACH INVESTMENTS PTY LTD
1,750,000 shares Down 2,500,000
SCIANCALEPORE PAUL & PAULINE
1,653,600 shares Same
BALTHAZAR PTY LTD
1,225,000 shares Up 100,000
CITICORP NOMINEES PTY LIMITED
1,128,060 shares Down 101,530
ANDREWS DALE LEONARD
1,111,111 shares Up slightly
FUND EVO
1,000,000 shares New holding
EVOLUTION MASTER FUND
1,000,000 shares New Holding
SAMMUT SAM JOHN & LYNETTE RUBY
858,672 shares Up 12,645
ALOISI, A & SEARLES JR
824,833 shares New holding
ROSENDORFF, CRAIG
726,000 shares Down 800,000
POURAS, CHRISTOS
600,000 shares New holding
BIRCHMORE, ALAN G & JL
600,000 shares New holding
ARHARIDIS BROTHERS PL
592,105 shares New holding
Cornelius Off list
Parry Off list
Capeview Off list
Ioma Off list
Moore Off list
Taurus Off list
Bellset Off list
Mowbray Off list
Total 50,808,518 shares
Last update Thursday, 6 September 2007
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