Here you go Zzedzz and fellow non holders.Some more facts for...

Here you go Zzedzz and fellow non holders.

Some more facts for you.

(August 17 was immediately before the resource upgrade announcement, and the holding numbers listed afterwards are all post the announcement)

NATIONAL NOMINEES SHARE HOLDING FLUCTUATIONS

Mar-04: 4,122,698 shares

Aug-17: 4,651,272 shares

Aug-24: 4,403,533 => Sold 247,739 shares

Aug-25: 4,745,267 => Bought 341,734 shares

Aug-26: 4,370,560 => Sold 374,707 shares

Aug-27: 5,518,520 => Bought 1,147,960 shares

Sep-01: 5,341,054 => Sold 177,466 shares

Sep-02: 5,350,699 => Bought 9,645 shares

Sep-03: 5,487,767 => Bought 137,068 shares

Sep-06: 5,610,988 => Bought 123,221 shares

Sep-07: 5,529,889 => Sold 81,099 shares

Sep-08: 5,530,207 => Bought 318 shares

Sep-09: 5,612,202 => Bought 81,995 shares

Sep-10: 5,646,906 => Bought 34,704 shares

Sep-11: 5,613,926 => Sold -32,980 shares

Overall since March 04 this year, NATIONAL MOMINEES have acquired 1,491,228 shares, and since immediately before the resource upgrade announcement they have actually purchased 962,654 shares.

That is not the action of a major holder bitterly disappointed with 1 million tons of copper in the ground up at Rocklands. Well, not to my way of thinking.

Some may argue that it is more like the action of a big fish wallowing in the turmoil they helped to create with what looks like strategic share dumps and subsequent re-purchases.

The practice of dumping 100 thousand shares here and there in this stock can have quite a dramatic impact to the share price. And in any case, why would they be buying back into a dud company with such a 'low grade' resource that cannot be mined (as some would have you believe) and so maintaining/increasing their holding?

Thanks for raising the spectre of Nominee Accounts Zzedzz. You could be on to something though I suspect you wished you never mentioned it....lol

Certainly the facts are very difficult to explain within the confines of the 'story' you have aired on the forum in your post of 14/09/10 13:29 on this thread.

I can't explain them either, but I can't help but think that something 'fishy' is going on here behind the scenes.

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James, I too would like to look at the mining outlines chosen for the resource by the consultants in context with the mineralized envelopes defined by 270,000 metres of drilling.

It certainly appears that we have a lot of low grade dirt outside the mineralized envelopes included in the resource numbers. Fortunately though, the numbers as delivered still justify valuations well above the current share price and we can look forward to the mining of the resource to really appreciate what the actual grades of the resource are.

Cheers
Nev