Hi tarzan this is an area that definitely leads to speculation!! eg Lundin moved their holding into a nominee structure. Why? Could it be part of an arrangement with the nominee for the fund? Eg to accumulate a significant holding in the nominees name to be subsequently purchased by Lundin off market at the time they might wish to make a move on control of UCL thereby disguising intentions??
of course we can't really know until such time as an actual paper trail between parties is established hence why it yields such speculation. we can be sure that if there was anything iffy about this type of arrangement in regards to disclosure then it would be very carefully structured and would be as hard to prove as insider trading appears to be.
The aspect I was considering though was more along the lines of how the ownership structure of juniors can change as move from the roller coaster of the exploration phase towards development. I hope that in time we see more significant institutional names on the register for larger percentages. overall unfortunately whilst we labour through the "Iranian Blues" speculation is probably mostly fruitless. (but always fun hehe)
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
