last time CTSO traded > 4mill was in september last year.very...

last time CTSO traded > 4mill was in september last year.

very very strange trading pattern, CTS gapped 4 cents at open and stayed very strong for the first hour - then the selling started which then took away all the momentum.

take a look at the top 20

Rank Name Units Held % of Issued
1 Bakersfield Resources Ltd 11,249,770
2 Range Resources Limited 5,000,000
3 D&D Nominees Pty Ltd 2,440,860 4.52
4 Madevilla Pty Ltd 2,320,001 4.30
5 Redtown Enterprises Pty Ltd 2,220,000
6 D&D Nominees Pty Ltd 1,845,000 3.42
7 Worldpower Pty Ltd 1,800,000 3.34
8 ANZ Nominees Limited 1,530,000 2.84
9 HTMRM Capital Pty Ltd 1,060,000 1.96
10 Alison Jane Ferri 1,000,000 1.85
11 Nicole Joan Gallin 1,000,000 1.85
12 Gucce Holdings Pty Ltd 855,000 1.58
13 Nefco Nominees Pty Ltd 622,998 1.15
14 Upper Mantle Investments Pty Ltd 614,183
15 Mr Richard John Watson 550,000 1.02
16 GEB Capital Ltd 500,000 0.93
17 Raylar Pty Ltd 500,000 0.93
18 Fortis Clearing Nominees Pty Ltd 493,000
19 Mr Brian Smith Stronsay 400,000 0.74
20 Elizabeth Jane Michael 375,000 0.69

i'm assuming that these top 20 would hold roughly an equivalent amount of options... There are not many holders who have > 2.5million shares i count 5.

I'm still scratching my head, trying to figure it out. Good base forming nonetheless around 40c.

My only speculation is that a SPP is just around the corner - and a major holder is dumping his oppies to cash up for the SPP - which may be on more favourable terms, and probably at a slight discount to 60c using a 10day VWAP I get a potential issue price of 55c.

if you note the last trade of the day for the heads there was a sell order for 55c with a volume of 5501

Unsure if i'm connecting dots where there are none - but it seems to me someone is having fun at our expense :)