Who was telling us to sell at $4 or $1, no one
Who was telling us to buy big at 1c or 2c, no one!
the exact opposite, including all those expert brokers & media.
The loyal 7% were the 700M holders from the 1B share register (pre-dilution by the yank bondholders in 2016).
many of these holders were sophisticated high net worthers,
A large number of INSTOs and large holders like Granich, Mederios & McDonald plus our illustrious BOD holder, DF. I feel sorry for those who put in Millions of shares at $2 each especially.
look at the 2014 AR, titled the "Iron Spirit"(!), & top 20 list on page 114,
http://www.atlasiron.com.au/site/PDF/5379_0/2014AnnualReporttoShareholders
(h) Twenty largest shareholders of Atlas Iron Limited
The names of the twenty largest holders of quoted shares are:
Rank Name Units % of Units
1. HSBC CUSTODY NOMINEES 136,482,803 14.90
2. IMC RESOURCES INVESTMENTS PTE LTD 66,749,653 7.29
3. J P MORGAN NOMINEES AUSTRALIA LIMITED 63,676,091 6.95
4. NATIONAL NOMINEES LIMITED 55,267,047 6.04
5. CITICORP NOMINEES PTY LIMITED 49,676,350 5.42
6. BNP PARIBAS NOMS PTY LTD 27,299,123 2.98
7. ZERO NOMINEES PTY LTD 14,006,700 1.53
8. MR STANLEY ALLAN MACDONALD 9,139,280 1.00
9. HSBC CUSTODY NOMINEES 8,112,799 0.89
10. MR JOSE MANUEL DO REGO MEDEIROS 6,000,000 0.66
11. RBC INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED 4,395,278 0.48
12. CS FOURTH NOMINEES PTY LTD 4,323,802 0.47
13. PENFOLD LIMITED 4,048,526 0.44
14. CHINA WEST MINING (HONG KONG) COMPANY LIMITED 3,786,473 0.41
15. CITICORP NOMINEES PTY LIMITED 3,387,680 0.37 16. QIC LIMITED 2,978,411 0.33
17. MR DAVID FLANAGAN 2,500,000 0.27
18. UBS NOMINEES PTY LTD 2,341,900 0.26
19. MS NADA GRANICH 2,153,754 0.24
20. AMP LIFE LIMITED 1,827,789 0.20
Top 20 Total 468,153,459 = 51.13%
do these top 20 holders who held 468M shares of 51% look like fools to you?
We were had!
