The last substantial holder report I saw had Citicorp holding 10 million shares and HSBC holding 7 million shares. I would assume they are still holding. I think most of the trading that has moved the price down has been between the mates buying/selling and shorting to deliberately push the price down. I am back to my original thoughts that there is a campaign to accumulate ASM whilst screwing the retail and other holders.
The next substantial holders report will be interesting. I do not think there will be much change and ditto, like me, most smaller holders are not selling but patiently waiting.
The action from KSM has been difficult but they are trying to trade into an environment that is dominated by a monster who will do anything to stifle competition. Major buyers of rare earth metals are toeing the line so as not to upset their major supplier of metals.
Very much a game of patience. Good luck.
ASM Price at posting:
$1.28 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)