Countdown to G2 TIN Production

	Column 1	Column 2	Column 3	Column 4
0		30-Jun-17​	18-Sep-17​	24-May-18​
1	DGR Global Ltd	360,833,715	360,833,715	360,833,715
2	Australian Mineral Investments i	230,000,000	230,000,000	230,000,000
3	Citicorp Nominees (LIND)			123,986,477
4	Tenstar Trading Ltd	117,095,779	117,095,779	117,095,779
5	Samuel Holdings Pty Ltd	67,348,176	67,348,176	67,348,176
6	HSBC Custody Nominees (CEO)	23,060,099	30,330,609	51,619,446
7	Mr and Mrs Williams	34,321,429	34,321,429	37,321,429
8	BNP Paribas Nominees	11,701,059	14,701,061	31,963,493
9	Australian Mineral Investments ii	26,000,000	26,000,000	26,000,000
10	Mr Brian Moller	13,701,689	13,701,689	19,101,689
11	Mr Gail Mcdermott			16,166,667
12	Sterling Mining Group	15,904,032	15,904,032	15,904,032
13	Mr Kerry John Mckinna	17,030,713	17,030,713	15,646,171
14	Padic Pty Ltd	18,335,385	18,335,385	15,335,385
15	Mr Gary Jiarui Zhou			13,500,000
16	Mr Kerry Mckinna	13,106,618	13,106,618	13,106,618
17	Georocke	11,785,950	11,785,950	11,785,950
18	Mr Adam Rawson			11,150,000
19	Nockholds Super Pty Ltd	11,000,000	11,000,000	11,000,000
20	Banana Man Global			7,000,000
21		971,224,644	981,495,156	1,195,865,027

Based on my analysis it's actually over 1.2 billion shares that were likely bought prior to the double top at 3.5c and 3.7c, with almost 1.2 billion sitting in the top 20 alone! A lot of investment looking for a 3rd top and a better outcome.

As per my previous posts, LIND likely hold most if not all there shares via Citicorp nominees and Peter Williams some via HSBC.

Since 19 Jan 2017 when the share price started trading above 1.6c, there have been almost 1.3 billion shares traded on the ASX at or above that level. I don't have CHI-X so I've speculatively added another 700 million shares traded there to total 2 billion shares traded in that period.

As we can see 1.2 billion were likely been held in the top 20, adding weight to the theory less than 800k shares to churn at a ratio of 2.5 times per share since 19 Jan. I think adding the number of retailers holding in addition to the top 20 would see this churn ratio be closer to 3 times per share traded or higher.

The take away from this is that it is likely that most retailers are holding at an average of 1.5c or higher with any one holding at an average of less, for most of their holding resisting the temptation of the double run to the 12 month high, along with the top 20.

Most of the top 20 would be averaged close to 1c. With Lind currently sitting on 1.1c and about to take 15 million at a likely 1.5c, with DGR likely to be allocated approx. 28 million shares at 1.6c instead of cash.

Today is only a 2% dilution to the current share price and MC, while saving the company 450k in cash.

We've already highlighted DGR taking shares at current price as a vote of confidence and also LIND with its allocation to today at current levels along with the CSFA deal structure.

The top 20 with 1.2 billion shares holding through the double top, I feel is another vote of confidence.

As for the majority of retailers holding at 1.5c or higher, after 30 June, If they haven't sold by then for tax loss, were looking at a full deck of steady hands and with the rest at 1.5c or higher!

Buying today at 1.5c-1.7c presents a great opportunity to profit imo, how much who knows, but everything is pointing to a higher share price.

ALL IMO, DYOR!