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30/07/14
10:32
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Originally posted by ozblue
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GJ, Hoots,
The comparison of Hoots list of the top holders compared to last years Annual report, tells all.
The top 3 holders have ALL lightened their positions, ie net sellers of shares. It is the loan shares for the employees share plan that have bought nearly 2 million shares since june 30 last year.
The share price would clearly be much lower if not for those purchases by the company. Luckily the price has been low for them to purchase cheaply.
The big question is why are the top 3 selling and how many more are they going to sell??
GJ, you can forget about 12m hidden shares if the 3 largest holders are selling, they have many times that number. For them to be selling at low prices, they must be upset about something. Don't they all have board representation??
To me them selling is a bad, bad sign!!
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McRae, like a general, standing aloft the trench and urging his boys to charge blindly into an onrush of low grade copper shrapnel, once famously declared, "buy when I buy and thou shalt sell when I sell".