no major holders selling out

As of 13 June

POSCO AUSTRALIA PTY LTD 60,567,000 13.90
DEUTSCHE SECURITIES 25,842,450 5.9
SINOSTEEL CORPORATION 25,114,408 5.8
JP MORGAN ASSET MANAGEMENT 22,713,700 5.2
MR PAUL KOPEJTKA 22,280,000 5.1
RESOURCE CAPITAL FUNDS MANAGEMENT 18,450,000 4.2


Volumes have been low, churning down along with plenty of shorting.

Spoke to the company, they are surprised with sell down on the market. Lets face it there has been no major volumes.

BFS will be released to the market with the NPV that I am looking forward to. Company believes the market will have a much better idea of the project when this occurs. I won't be selling any of my shares.

I think the shorters will be in trouble