Ann: Change in Substantial Holding, page-9

@Shellbell It will be interesting to see the take up by shareholders.

~80% of the company is held by the T20, Caruso who holds around 10% is unlikely to take part, AU Mining's ex-wife also holds around 12% of MRC, I don't believe she took up her full rights with the last capital raising.
Then we have the normal restriction of shareholders who might be in the nominee accounts,
Either way, MRC has already secured 79% of the funds they required from the underwriters and AU mining.

I also wonder why MRC set the record date for the 12th of October, allowing 7 trading days before the record date.
What I find interesting, since the CR was called, the daily volume has increased, could it be that MRC has orgainsed brokers to buy on market?

The only investors I can see selling during the CR period is the short term traders (IMO MRC has few) and Mark Caruso who has already shown he is willing to apply pressure on the SP during capital raising periods, I know 7.5c is not an ideal CR price, but if it see MC sell during this period we will all win in the future.

Anyway, I am looking forward to MRC getting on with its 5 year plans and getting Torming up and running at its higher capacity, I am disappointed the CR is prior to the QTR report being provided and we haven't been provided any updates on Mitsubishi or the restart of processing the inland strands.