Ann: Update to Shareholders , page-7

Something is going on because the main shareholder is still holding:
26/10/2011 Jojo Enterprises Pty Ltd - 244,857,446 shares 7.32%

There is a connection between Comibol and RAU. From RAU webpage:

GENERAL MANAGER OF OPERATIONS - BOLIVIA
Juan Cabrera graduated as a mining engineer from the Tomas Frias University in Potosi Bolivia in 1964. In 1970 he graduated from the Royal School of Mines in London with an MSc in Advanced Mining Engineering. Juan has vast experience in mining in Bolivia.

He held numerous positions over 20 years in operations and management with COMIBOL, Bolivia’s state mining company. He was the General Manager for many of COMIBOL’S most important mines. In 1988 Juan was appointed a Director of COMIBOL located in the important mining city of Oruro. From 1990 to 1993 Juan was the Coordinator of the World Bank for COMIBOL, in charge of the planning and budgeting sector. From 1993 to 1994 Juan was the Assistant to the General Manager of COMIBOL and in 2005 Juan was the Executive President of COMIBOL.

Juan also worked for one of Bolivia’s most important private mining companies, COMSUR. For six years from 1984 he was the General Superintendent at three of COMSUR’s major mines. Juan has also worked for international companies. In 1988 he was the Mine Manager at London American Mining’s Amarilla mine in the Tipuani Valley, a large alluvial gold operation. Then from 1995 to 1997 he was Project Advisor for RGC Exploration which was bidding for the Vinto Smelter and the Huanuni and Colquiri mines. Juan also worked as the Logistics Manager of the Cerro Corona Due Diligence Program in Peru from 1997 to 1998, was Operations Manager at the Atocha Project for General Minerals Corporation from 1998 to 2002 and from 2003 to 2004 worked on ore reserve estimation at Colquechaca Zinc/silver Project sponsored by USAID. Juan joined the Company in 2006 and is the General Manager of Operations.

http://www.republicgold.com.au/about/management