AMM 0.00% 1.5¢ armada metals limited

change in substantial holding

  1. 810 Posts.
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    From Amcom Annual Financial Report AJA Super IW P/L was Ranked 5th largest Shareholder as at 24th September 2008

    Holding 35,294.117 Ordinary Shares ie 6.55% Voting rights

    Recent change of Substantial Holding Notice dated 18th Dec 2008 states as of 15th Dec 2008 their Holding is now reduced to 10,526,513 ie 1.95% Voting rights and approximate ranking of 11th largest Shareholder.

    I would say the large recent transactions have been due to AJA Super IW P/L reducing some of their holding on market. Hence the shareprice will definately recover once AJA Super has completed selling as down pressure will have been removed.

    As always do your own research, Cheers
 
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