They have 12m shares. 1 insto put up the whole amount of shares but it ended up split n scale back.
They only got a 3% discount from vwap.
cod didn't need the money. If they were so worried about 1 iocg then they would take the money while it was there.
So you statement makes 0 snese. Also what you said is illegal and can easy be traced back. So no dont think somthing like that would happen.
if it did then would seen a scamble out of the door.
Ann: Emmie Bluff Deeps IOCG Mineralisation Additional Information, page-180
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