"while the T40 have increased their holdings"
Hi Sirrobbo,
You are correct, out of the 7.3 Million shares traded during July, the T40 added 33,571 shares to their holdings. This is around 0.004% of the shares traded were added to the T40.
I think you will find the type of trading will fit with R08 "Protection" as no entity is adding any meaningful amount to their holding (Excluding Christopher Elliott - No. 26 in the T40 list who would be a related party). This again reinforces what I would consider SP protection.
It will be interesting to see the daily registry changes to see when investors were buying and selling shares,
As I said the other week, the T40 will be an interesting reading, it has lived up to my expectations that no one was accumulating shares with the T40 only added 33,571 to their holding.
I am looking forward to seeing how WKT will inject the minimum US$2mil Gemcorp requires. From what I can tell, the SP is being protected.
Ann: Lindi Jumbo gears up for first graphite concentrate export, page-674
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