re: Ann: ZSP: SandP Indices Announces March Q... Hi BofB
Looking at the MCO web you are correct. perhaps staying out of the top 5% need not be reported. MCO easily target for manipulation from a couple considering
From the MCO web http://www.msgold.com.au/.
_________________________________________________________
Company Secretary
Ms. Natasha Sever - [email protected]
or contact via Morning Star Gold NL (as above)
Issued Capital
284,318,462 Ordinary Shares (ASX: MCO)
1,820 Shareholders as at January 2012
Top 20 Shareholders hold ~56%
Top 50 Shareholders hold ~70%
Top 100 Shareholders hold ~80%
Major Shareholders
1. Chillee Limited - 13.8% (~39M shares)
2. Nick Garling (direct & indirect) - 12.8% (~36.5M shares)
3. Yarandi Investments (direct & indirect) - 11.3% (~32.4M shares)
4. BBY Nominees - 9.9% (28M shares)
All the top 3 as you mention have increases thier holding except no.4 which remains the same however the overall top 20 have reduced in holdings % by -3% as Sept last year the top 20 held 59.3%
The 20th Shareholder last reported just holdoing 1.7mil
__________________________________________________________
Now Top 100 hold 80%
which leaves 1,720 shareholders holding 20% or 5,686,370 shares in total or average 3,306 shares each, not a lot in the context of the overall holding, and IMO not where the main selling is comming from 100k 250k etc.
Perhaps due to the current market and the structure of the MCO holdings easy picking for the likes of JP or Citi to take advantage.
What would i know but perhaps you are on the mark with the one just a few below the 5%.
Hey Loki, RED looks good and have quickly gone from commissioning through to production with only a few issues however seem to be resolved in a couple of months and all looks to be full steam ahead. thanks for pointing these out to me earlier for some research.
morningstargold Morning Star Gold
met tests & more next planned next week.
16 Feb
now 4th March -Two weeks, so when are we getting these met tests?
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re: Ann: ZSP: SandP Indices Announces March Q... Hi BofBLooking...
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