Doing some more digging, as well as Baghdadi increasing his stake at 0.3c (now holding 263m shares 24%)
T Lebbon was buying up later last year and early 2016 as well increasing their already substantial holding (138m shares, 13%).
The top 20 in the latest annual report is full of familiar and interesting names, Gleneagle securities (Lance Rosenberg ) between Spinitie Pty Ltd and GlenEagle accounts hold 122m shares 11.3% by my count.
Those three alone account for 48% of the shares on issue. Not sure whether Ganke still has his 70m, nor Efimiy.
Mark Johnson who is also the Chairman of DTR owns 60m shares (5%) and SXX have been increasing their stake in the company. Baghdadi is also a director of DTR.
The question really is what are the all accumulating for, why have the been buying up another company whos valuation (depending on how much the SP is, is between $1m or $5m) and when will it all happen.
I can't get a sense for quite whats happening yet, but get the feel that once the register is just how they want it - this thing will move. Happy to pick some up at 0.3c like the big holders here have been doing.
