I reckon that an updated Top 20 list is important particularly given that the register has just been increased by 20 million shares (>17%). I for one am always interested with what the bigger players (found within the top 20) are up to.
After the previous placement which brought Prospect onto the register RFE immediately issued a Top 20 which revealed some deficiency in the obligatory reporting of Substantial holders movements.
IMO a updated Top 20 will be very insightful insofar as determining what has actually been happening (i.e. price being sold down from $1.50 to 90c and stock trading at a substantial 25% discount to the recent placement). Since this placement, and considering the dilutionary effect there-in, there has not been a 604 issued covering substatial holder dilution - I can account for Healy and Luigi as they took stock in the placement. Prospect should have been diluted sufficiently to require issuing a 604 unless they were in the placement under another name (agent/broker) - or have been buying on market since thier last 604.
Given this important piece of the jigsaw I can then make an informed decision as to whether I wish to add stock to my holding at these price levels or wait for cheaper opportunities.
IMO it is all about being fully informed. I believe the business model stacks up and I'm not selling my holdings. For me it is all about when to add but I'm not confident adding until I have a reasonable handle on what is the go.
Just my opinion. I am dissapointed that the same has not been automatically updated by the coy in the interests of transparency and yes I can get the same from the registry - but leaves me with a question as to why the coy is reluctant to issue same.
Even now the buy depth is being propped with a 500K bid whilst the other day sell depth was being capped by a 500K offer. I agree that with a longer term view it doesn't matter too much but it does matter in terms of cost effectively buying more and for those that bought at higher prices. I feel for them.
Cheers
RFE Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
