Also noted that the largest share holder up till recently is Mr Nik Zuks with 25 million units (as we now have to take into account the recent Performance shares). He hasn't sold a cracker since the beginning it looks like.
He founded and now sits as a director of BELLZONE - listed on GBX (which has a very healty market cap).
hey have direct connections to Chinese rail/port buiders (CIP) and just have a look at Mr Zuks history.
Has a lot of experience in the African mining game. Am sure he would be happy to see his holding return to value and then some (unless its the best tax write-off yet?)
Seems like a very smart player
Quote from Bellzone as follows....
"Mr Zuks has in excess of 25 years experience in mineral exploration and development in Australia, Africa, Malaysia and Indonesia. Mr Zuks was responsible for the development of the Mid West Iron and Steel Project in Western Australia, an integrated mining and processing project. He was appointed immediately after the Company’s incorporation on 21 November 2007. Mr Zuks previously established Linia Prava Central Asia, which was acquired by ASX listed Nimrodel Resources Limited (ASX: NMR).
Mr Zuks was co founder of Murchison Metals Limited, Indo Mines Ltd and Simba Mines Inc. Mr Zuks was also instrumental in the development of the Mambramo forestry project in Irian Jaya, Indonesia."
There appears to be be at least some money transferring between the companies - with BELLZONE renting a WA property from NMR. - Hope they are still friendly.
Yes the link to Mr Zuks may be a bit of a long shot - but goes to show the calibre of holders in the registry - and what they are capable of.
Will keep reading - quite a few twists snd turns in this story.
NMR Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
