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Ann: Further Gold Discovery at Maniema Gold Project, page-126

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jas626

6,955 Posts.

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21/10/17

17:35

Post #: 28088115
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Originally posted by forrestfield ↑

Hi guys,
Lets look at the top 20 again. You will be surprised how many management owns here. I checked the register when I initially took my position early this year.
My notes are a bit rusty as I am now more interested in acquisition and drilling rather than the register.

As per last annual report:
2 & 3 are also linked with management one with DRC and one with Gary.

There is also number 9 which I think is linked to JB. Dig a bit more and you will be able to find it.

Number 12 & 13 are linked again with DRC based director.

So in total management owns 250m plus shares which is like 22-23% of the company including JB’s shares IMO.

But as always DYOR. Hopefully drilling update and acquisition in coming days/weeks for a nice pay day.

Cheers

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HI Forrest,
good find, yes even though there is a lot of shares on issue here and could turn away some potential investors, if they dug a little deeper they would find that it is made up of a lot of directors and top 20 holders so the free float of shares is a lot smaller than many of them would think.

VEC Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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