Was just looking a little closer at Jane/GW's 603.
What can be gleaned is the following:
He owns just over 25% of Dante Resources Pty Ltd, the vendor of the Dante Project
He invested an ADDITIONAL $316k buying stock on market following the vend (average 4.6c)
It can be inferred given his non-lodgement of a 604 following the placement that he participated in proportion to his pre-placement percentage holding of 8.18%. This means that he cut a cheque for an additional approx $170k. So they have invested a cool $500k in round numbers.
GW has VERY DEEP pockets, is VERY LONG TERM & is no mug. He knows why he paid 4.6c before a placement was on the horizon & he knows why he has built this position. It can be concluded from this that a wealthy, experienced, switched on holder of GCX knows EXACTLY why they're buying & it's safe to assume the stock is barely out of the blocks.
GCX Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
