interesting stuff

Based on the THR disclosure document in Aug 06, it indicates 66 million shares were issued i.e these shares to trade on the ASX.

The Top 20 shareholder listing of Sep 06 indicates that shareholders holding > 5% of shares hold approx 24million shares.

Since there has been no change in substantial shareholders, if we assume their positions havent changed, there is only effectively 42million shares to trade under the 5% radar.

Now one can appreciate why THR has been rising on the volume going on. If we assume the majority of shares are going into long term shareholder hands, this will eventually lead to a liquidity crisis which I think we are seeing right now. Very bullish in my view!!!