NGF Has 1.4m res at Paddington mine and .5m at Mt Morgan with a total of 1.9m res.
Also 299 tenements covering 1000sq km of well sort after land and 87% of stock held by majority holders.
Regards to who is selling who knows,but likely holders could be :HSBC 52,000,000 Citicorp 9,100,000 ANZ 5,000,000 BOND ST Custodians 12,500,000 With more then 10m shares sold at around 51c in the last week say and only 41m in current circulation.Well its anyones guess why their unloading now.If it where one of the major shareholders I thought that it would have to be disclosed,If not HSBC could be the likely seller in my mined.
This information was gathered from the NGF annual report the rest is just my opinion.
NGF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held