It was a good exercise regardless, so well done for that. I have...

It was a good exercise regardless, so well done for that. I have compared the new list to the one from the last Annual Report which is also dated 8 August 2023.

It's a positive sign that there are actually only minor changes since August, with the top 20 increasing by 9m shares. Although we don't know what has happened since we came out of halt on 1st March 2024. In the four trading days since reinstatement, there have only been 47m shares traded on the ASX and we don't know whether top 20 have been buying or selling but it is only 3.3% of the register. I suspect it was retail.

I have copied the old list below. Those in blue have decreased, those in green have increased, those in yellow have stayed the same. Position 20 has been pushed out by Morgan Stanley who have entered in 12th position with 8.2 million.

With the current depth of buying the top 20 couldn't get out even if they wanted to, but if they started buying, the price would move up very quickly indeed.