skin in the game

those that took part in that capital raising at 5.6 cents, which was entered into 4 days before the 156 metre intersection at Nicanda Hill was announced, were pretty lucky, like they won lotto. mere chance


also, under s671B(1) of the Corporations Act, a person must give an initial substantial holding notice to the listed entity and the market operator if they have a relevant interest in 5% or more of the listed entity. The substantial holder is then obliged to give a notice if there is a movement of 1% in its substantial holding: s671B(2).

Note: A person’s substantial holding and any movements in that holding include the relevant interests of the person’s associates, as defined in s12 of the Corporations Act. See s9 (definition of substantial holding) and s671B(2).

RG 222.46 A substantial holder must give the notice to the listed entity and market operator within two business days after becoming aware of the information

https://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/rg222-issued-15-April-2011.pdf/$file/rg222-issued-15-April-2011.pdf