A bit of broker data from the first 'discovery' hole NCP07...

A bit of broker data from the first 'discovery' hole NCP07 (announced on 27/07/2022) till now:

From 27/07/2022 to 05/08/2022: first three hits/intersections announced followed by trading halt for the raise. Noticed that Canaccord was selling heavily (circa $1m sold) at avg $0.144 together with Argonaut some $410k sold at $0.133 avg. Retailers were buying (at 16c!).


Then from 06/08/2022 to 29/08/2022 (from after the capital raise till last trading halt before the 70m step-back hole intersection was announced, during which the #4 mineralisation intersection was announced, Botswana Renewal approved and fund raise sorted/settled): Noticed Canaccord still selling heavily (some $1.57m) at avg sell price of $0.339. Together with Morrison (sold ~$1m at 40.4c) and CitiGroup some $940k sold during this period. Whilst Morgan Stanley started buying (circa $1.53m) at avg buy price of 27c along with retailers.


Then from 30/08/2022 to 04/09/2022 (the Ann of successful #5 step-back hole intersection, newest presentations of Martin at Arica Downunder Conference plus SFR CEO's speech regarding the prospect of the region): Noticed Canaccord have stopped large selling (maybe the ones who participated the raise are all gone) instead actually started buying a bit now by net value. Argonaut, Hartleys and Morrison continued selling in relatively small amount.
Whilst Morgan Stanley continued buying largely (within 4 trading days?), some $1.23m at avg 49c. Merrill Lynch also buying in net value. And it seems retailers (CMC and Commsec) were selling now by net value.

GLA.