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3.30%

44.0¢ alkane resources limited

Ann: Annual Report to shareholders, page-49

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Antipater_100

8,161 Posts.

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25/10/23

13:53

Post #: 70530022
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Originally posted by Leapzig: ↑

Top 20 Shareholders in Annual Report 2023

Top 20 Shareholders in Annual Report 2022

Last Appendix 3Y I could find.

JP Morgan have increased their holdings but all other nominees have reduced. Other top 20s also selling.

Abbotsleigh seem to have sold down another 3 million since December 2022 but I cant find another 3Y. Unless there is an exemption under the Corporations Act that permits no disclosure from a Director with an Indirect Holding. In the Annual Report 2022 there was no Abbotsleigh, just all securities held by Ian Gandel. Abbotsleigh could be selling, or I have missed a 3Y, or the 3 million is still held by a nominee. Someone else may be able to help me out here.

Its beginning to get fairly clear to me that large holders are reducing their holdings as a ripple affect to Ian Gandel selling down his securities. And rightly so, IMO. It would be nice to know where Ian Gandel stands in respect to Alkane and if further selling is required in relation to furthering his interests Alliance Resources, future CRs etc...

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I think if the transaction does not trigger more than 1% movement in the holdings, there is no requirement to release an ann. I am going from memory.

ALK Price at posting: 59.3¢ Sentiment: Hold Disclosure: Held
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