cap raising coming, page-99

I just check the company web about Top 20 shareholder

Rank Holder Name Units % of Issued
1. ANZ Nominees Ltd 598,144,197 46.20%
2. Macquarie Bank Ltd 36,800,000 2.84%
3. National Nom Pty Ltd 21,098,907 1.63%
4. Paticoa Nominees Pty Ltd 14,770,452 1.14%
5. Bell-Allen Holdings Pty Ltd 13,846,819 1.07%
6. Toltec Holdings Pty Ltd 12,905,881 1.00%
7. Campbell Kitchener Hume 12,000,000 .93%
8. Neil MacLachlan 11,812,500 .91%
9. National Gas Australia Pty Ltd 10,000,000 .77%
10. Cavka Anton 10,000,000 .77%
11. Citicorp Nominees Pty Ltd 9,805,602 .76%
12. Comsec Nominees Pty Ltd 9,039,971 .70%
13. Erini Fredrick Charles 8,000,000 .62%
14. Intercorp Pty Ltd 7,937,254 .61%
15. Taylor Allen P & RK 7,800,000 .60%
16. Etrade Australia Nominees Pty Ltd 7,603,428 .59%
17. Victoria International Petroleum 7,504,085 .58%
18. HSBC Custody Nominees Australia Ltd 7,010,688 .54%
19. Jauleski B & Jauleska Y 7,000,000 .54%
20. Royal Sunset Pty Ltd 6,981,468 .54%


TOTAL: 820,061,252 63.34%

Major shareholders hold 63.34% shares. I think they are LT holders and SSN management team must be talk to those shareholders before doing the CR. And I think they will participate the CR as well. If so, they won't dump their cheap shares that get from the CR because they also hold more shares that worth 3.9c.

Major shareholders are sit quiet and wait for SP going north why will we feel discomposure?

cheers