Guilty until Proven innocent

I am going to call this out.
Our share price is being punitively manipulated. The top twenty shareholder at 8 August 2023 held 67.59% of our stock. We have 1,394,239,175 shares on issue. Top twenty owned 942,366,258 shares. Come to end of Feb 2024 and some of the top have disappeared along with 752,195,886 shares or 79.82% of the top 20 shareholdings.
This is the top twenty from 8 Aug 2023.

The Top 20 Shareholders of EUR hold 67.59% ofshares on issue.

Data supplied by Morningstarand accurate on Aug 8, 2023.

	Name	Shares	Capital
1	BNP Paribas Nominees Pty Ltd Acf Clearstream	548,665,725	39.35%
2	Citicorp Nominees Pty Limited	78,556,017	5.63%
3	Dempsey Resources Pty Ltd	62,931,578	4.51%
4	HSBC Custody Nominees (Australia) Limited A/C 2	49,990,403	3.59%
5	Hsbc Custody Nominees (Australia) Limited	36,240,941	2.60%
6	Okewood Pty Ltd	28,200,931	2.02%
7	Battle Mountain Pty Limited	22,738,140	1.63%
8	BNP Paribas Nominees Pty Ltd <IB AU Noms Retailclient DRP>	20,786,388	1.49%
9	Bnp Paribas Noms Pty Ltd <Drp>	17,956,412	1.29%
10	Pixsell Pty Ltd <Pixsell Unit A/C>	15,000,000	1.08%
11	Winance	11,344,268	0.81%
12	Moab Minerals Limited	11,000,000	0.79%
13	Cass (Fze)	7,500,000	0.54%
14	Mr Antony William Paul Sage and Mrs Lucy Fernandes Sage <Egas Superannuation Fund A/C>	5,540,578	0.40%
15	Superhero Securities Limited <Client A/C>	5,394,608	0.39%
16	Michael Stanley Carter <The Carter Family A/C>	5,000,000	0.36%
17	North Shore Advisory Group Pty Ltd	4,500,000	0.32%
18	Mr Dietrich Lothar Wanke	3,766,684	0.27%
19	Mr Douglas Mcdonald Bennett	3,750,000	0.27%
20	Gulli Superfund Pty Ltd <The Gulli Family S/F A/C>	3,539,585	0.25%

The yellow highlighted holders have disappeared.
This is a current list It is only 16 but you can get the picture.

The top two are substantial holders. If their holdings change by 1%, they have a duty to issue a change of substantial holding notice and continue to do so until below 5%. There has not been one notice issued. These shares have not been placed en-masse on the market IE number one selling 548M shares in one hit. They have been drip-fed onto the market as to deceive the general market participants and not cause a general sell-down.
I have not tracked the average volume but with 2.5M shares sold daily, plus any organic selling, this would take more than a year to clear. So where are the shares and why are some not still showing? This top twenty MIA must still have some.
This is just EUR. But you add in CLE and to a lesser degree CUF, a pattern starts to be seen.
This is CLE

CLE Top 20 Shareholders 2023

Data supplied by Morningstarand accurate on Aug 31, 2023.

The Top 20 Shareholders of CLE hold 51.16% ofshares on issue.

	Name	Shares	Capital
1	European Lithium Limited	1,180,256,849	11.50%
2	Bnp Paribas Noms Pty Ltd <Drp>	793,062,119	7.73%
3	Okewood Pty Ltd	423,375,858	4.12%
4	M3 Metals Corp	400,000,000	3.90%
5	First Investments Holding Limited	278,178,538	2.71%
6	Gilmore Capital Limited	225,000,000	2.19%
7	Angkor Imperial Resources Pty Ltd <Turkish Bread S/F A/C>	222,000,000	2.16%
8	BNP Paribas Nominees Pty Ltd Acf Clearstream	197,938,352	1.93%
9	Capretti Investments Pty Ltd <Castello A/C>	190,000,000	1.85%
10	Celtic Capital Pty Ltd <The Celtic Capital A/C>	185,647,059	1.81%
11	E-Merge Fze	160,000,000	1.56%
12	Esplanade Consultancy Pty Ltd <The Ryki A/C>	160,000,000	1.56%
13	Alpha Capital Anstalt	155,000,000	1.51%
14	Doraleda Pty Ltd	150,387,500	1.47%
15	Stonefield Developments Pty Ltd <Stonefield Discretionary A/C>	109,337,223	1.07%
16	Westcap Pty Ltd	100,203,127	0.98%
17	Ghan Resources Pty Ltd	91,804,278	0.89%
18	Tribeca Nominees Pty Ltd	80,000,000	0.78%
19	Mr Bruno Seneque <Seneque Family A/C>	75,000,000	0.73%
20	Exchange Minerals Limited	72,939,201	0.71%

This is a little different as the second top shareholder is on par with Winance Investments and they have spat the dummy and picked up their bat and ball and headed for the hills. The affect of the them selling en-masse at 0.002 is in effect also punitive manipulation of the share price.
Here is the current CLE top twenty


CUF is less affected but highlights a pattern.

CUF Top Twenty

Data supplied by Morningstarand accurate on Sep 18, 2023.

The Top 20 Shareholders of CUF hold 61.18% ofshares on issue.

	Name	Shares	Capital
1	Gold Valley Iron Ore Pty Ltd	203,667,341	17.77%
2	Dempsey Resources Pty Ltd (i)	120,848,635	10.54%
3	Gecko Mining Company Pty Ltd (i)	91,425,000	7.98%
4	BNP Paribas Nominees Pty Ltd Acf Clearstream	29,832,288	2.60%
5	Dempsey Resources Pty Ltd (ii)	25,300,000	2.21%
6	Antony William Paul Sage & Lucy Fernandes Sage <Egas Superannuation Fund>	24,923,010	2.17%
7	North West Iron Pty Ltd	20,000,000	1.75%
8	Cauldron Energy Limited	17,913,868	1.56%
9	European Lithium Limited	15,000,000	1.31%
10	Whitey Tiger Pty Ltd <The Wtl A/C>	14,915,554	1.30%
11	Goldvalley Brown Stone Pty Ltd	14,603,535	1.27%
12	Lsg Resources Pty Ltd	13,946,259	1.22%
13	Gecko Mining Company Pty Ltd (ii)	13,000,000	1.13%
14	Mrs Samantha Helen Louise Young	12,500,000	1.09%
15	Rimoyne Pty Ltd	11,194,006	0.98%
16	Citicorp Nominees Pty Limited	10,816,624	0.94%
17	HSBC Custody Nominees (Australia) Limited	10,733,470	0.94%
18	Mr Brian Peter Byass	10,382,745	0.91%
19	Redstone Metals Pty Ltd	10,300,000	0.90%
20	College Search Pty Ltd	10,000,000	0.87%

And the current top twenty

CUF Current top Twenty

		Name		Shares		Current Value		Change %				Portfolio %
19%		Goldvalley Brown Stone Pty. Ltd.		218,270,876		AU$2.8m		0%				no data
12.8%	Cyclone Metals Limited		146,148,635		AU$1.9m		0%		no data
9.11%	Gecko Mining Company Pty. Ltd.		104,425,000		AU$1.4m		0%		no data
2.17%	Antony Sage		24,923,010		AU$324.0k		0%		no data
1.75%	North West Iron Pty Ltd		20,000,000		AU$260.0k		0%		no data
1.56%	Cauldron Energy Limited		17,913,868		AU$232.9k		0%		no data
1.31%	European Lithium Limited		15,000,000		AU$195.0k		0%		no data
1.3%	Ross Levin		14,915,554		AU$193.9k		0%		no data
1.22%	Youfu Zhou		13,946,259		AU$181.3k		0%		no data
1.09%	Samantha Young		12,500,000		AU$162.5k		0%		no data
0.98%	Rimoyne Pty Ltd		11,194,006		AU$145.5k		0%		no data
0.91%	Brian Byass		10,382,745		AU$135.0k		0%		no data
0.9%	Redstone Metals Pty Ltd		10,300,000		AU$133.9k		0%		no data
0.87%	Kun Song		10,000,000		AU$130.0k		0%		no data
0.87%	College Search Pty Ltd		10,000,000		AU$130.0k		0%		no data
0.46%	Okewood Pty. Ltd.		5,250,000		AU$68.3k		0%		no data
0.44%	Mark Hancock		5,000,000		AU$65.0k		0%		no data
0.44%	Nicole Fulcher		5,000,000		AU$65.0k		0%		no data
0.44%	Scott Fulcher		5,000,000		AU$65.0k		0%		no data
0.35%	Scott Meacock		4,000,000		AU$52.0k		0%		no data
0.017%	Yuzheng Xie		200,000		AU$2.6k		0%		no data

The common denominator to these three companies is that Tony Sage is the chairman of each company. The other common denominator is the timing. The third common denominator is the MO of the parties, how they have done it and the lack of notices.

I believe these shareholders have the right to sell. However, i believe that this is wokism and the reason to sell is that these companies do not want to be seen doing business with Tony at any cost, which is judging him guilty until proven innocent. As a result we the average shareholder are punished because the market is not allowed to operate in a fair and equitable manner.

If the liquidator has a case against Tony, then he should state it. If the press mis-reports it or sensationalizes it then the liquidator should correct the matter. Until Tony is judged guilty then he must be treated as innocent. At present we the shareholders are bearing the brunt and we shouldn't.

I have sent a letter to ASIC. I hope that everyone of you do so as well.

Subject to the response I get, I am wondering whether we shareholders have a course of action via a class action.

EUR should have risen rapidly, CLE has a first class product and should be higher, CUF I do not know but supports my findings.