A change in substantial holding is directly due to the change in voting rights of the company.
AXOG does not have any voting rights at an AGM so therefore the major noteholders do not have to disclose movements at all. There does seem to be a very big seller this week of AXOG. Someone I suspect who needs to get out quickly and will sell at any price. Times are desperate right nowdon't forget.
As for the ords, Rockcheck can go to 19.9% before needing any Aust regulatory approvals to go further. It does not make sense for Rockcheck to buy the notes as it is the ords they are interested in to exert control over the company.
Loved your comments about the Aust press being retarded. The analyst community is retarded as well...........
AXO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
