Thanks for that Shane, it appears that J.Moghe also had a...

Thanks for that Shane, it appears that J.Moghe also had a significant holding in KMN. So we had/have two major punters selling our stock. And these are just what we know to date.

J.Moghe is mentioned in the Australian article as "the sole director and shareholder of the mysterious British Virgin Islands company Riqueza". In that same article he is also alleged to have been a significant holder of KMN: "Mr Moghe, who met Mr Gatto in Singapore last night, was given similar preferential treatment to Mr Murphy with the margin loan on his $124 million share portfolio. Mr Moghe had significant holdings in small companies, including Kings Minerals".

Looks like our suspicions of a steady non-day trader sell-down were well founded. Unfortunately, as an investor (i.e a non-trader) this has cost me and many others a bundle. The irony is that my investment in this stock was intended as a defensive play to shield against what I saw as irrational exhuberance aka casino like punting in the broader ASX.

It's about time disclosure and transparency were improved. Trouble is the horses have already bolted...