I just grabbed a copy of the Top 20 this morning, which was still the 12 May version. Figured they'd be updating soon with 1.2m and 860k parcels being dumped today!
Per today's 3B, shares were issued yesterday for the capital raising, so it's almost certainly that our HK friends are unable to resist a 25% overnight return. The next top 20 will probably be uploaded fairly quickly and should show the Merrill Lynch holding of 22m shares decreasing, reflecting their sales down onto the market and allocations taken up by their clients (presuming they're brokers). Fingers crossed they don't intend to sell on market all the way down to 11-12c... the last thing we need is both the Chinese and HK holders ready to sell their combined 117m shares down onto the market at any sign of the sp rising!!
TNG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
