conglin transfers holding to investment co., page-4

Yes crystallising losses seems to be the major motive here given the 29 June timing of the transfer. Secondary to that may be the need to extract $4m from his company that otherwise may be taxable as a dividend or restrictive under a loan agreement.

Interesting use of the company structure, unless its a corporate trustee for a family trust he will not gain any CGT discount on eventual sale. Perhaps he doesnt care about the extra CGT payable or the plan all along is to sell the stake within 12 months of the original purchase?...or he has his sights on mining and is happy to hold and collect the dividends.

Amazing what you can read into a share holder restructuring.

Nice chart BTW, poised for a break out.