I don't think either substantial holder is selling, well i can almost garantee creasy isn't and don't see an idication of bakersteel but can't be sure on them. I also doubt the next biggest holder being LEG would be selling either.
what i do know is the data for this month excluding last three days has seen;
buyers etrade +6mil commsec +2.5mil credit suisse +2mil westpac +1.5mil interestingly GoldmanSachs, UBS and Maquarie have all increased by over a million shares. Goldman brokered that raising at 60cents 12 months ago, they have a number of convertible notes and GUP notes and i suppose stand the most to loose, could they be in on the next cap raising efforts to sure up their investments?? who knows but its food for thought.
regards Davo
AXM Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
