top 20 shareholders, page-23

http://www.asx.com.au/asxpdf/20110321/pdf/41xkt691q374v1.pdf

See point #3 of the above link

-Hanlong (Africa) 433 million securities placed at #1
-Hanlong Metals 4 million securities (outside top 20)
-Hanlong Metals 77 million options (not included as top 20 security holders not option holders)
-related body corp's and the individuals located at the end of the table are below the top 20 holders.

I fail to see HL having sold any.