EV +$1.00 share in 15 months, page-52

MD is Moby Dick, the hypothetical buyer of large volumes of POS shares the last 18 months.
MD has been accumulating using different broker accounts but mostly TP or CS

In the last AR Top 20 Sept 2021, we see that BNP is likely MD but could also less likely to be HSBC JPM CS.
BNP is my pick as MD as they have tripled their holdings using at least 4 separate BNP broker accounts that we know of above 13M shareholdings and their may well be more sub13M volume.

ALL 4 of these INSTOs have increased sharply their POS holdings in large volume since 12 months Top 20 report.

The excuse I hear that MD is not BNP are fairly weak in the light of the Top 20 report as its clear as day they have accumulated large volume of at least 165M shares combined a 5.38% holding. See here-

Top 20 POS shreholders-

Tattarang Pty Ltd 357,378,337 11.66
Edison Metals Pty Ltd 337,451,804 11.01
HSBC Custody Nominees (Australia) Limited 87,363,175 2.85
BNP Paribas Noms Pty Ltd 67,845,169 2.21
Ms Danielle Sharon Tudehope 65,000,000 2.12
J P Morgan Nominees Australia Limited 61,441,318 2.01
Citicorp Nominees Pty Limited 56,670,640 1.85
BNP Paribas Nominees Pty Ltd 47,339,640 1.55
Mr David Norman Deitch 37,931,607 1.24
BNP Paribas Nominees Pty Ltd ACF Clearstream 34,895,434 1.14
Farjoy Pty Ltd 33,477,538 1.09
Brispot Nominees Pty Ltd 30,246,319 0.99
Edison Metals Pty Ltd 26,427,019 0.86
Xue Investments Pty Limited 24,392,022 0.80
Indermaur Pension Fund Pty Ltd 24,288,593 0.79
Mrs Rena Elizabeth Indermaur 24,006,781 0.78
CS Third Nominees Pty Limited 18,377,497 0.60
BNP Paribas Nominees Pty Ltd Six Sis Ltd < DRP A/c> 16,332,733 0.53
Mr Rodney Max Grillmeier 15,000,000 0.49
Mr Gregory Giannopoulos 13,000,000 0.42
Total 1,378,865,626 44.99