Top Twenty, page-155

Well one of our major holders under the Citicorp Nominees was behind the major cross trade done on October 9 for 21.249m @ $0.52

And looking at Fitz65's summary on this post 63177850, of course it could be anyone of the 4, but I'm favouring that it was Dundee Corporation liquidating their entire holding in CTM. I had a look at Dundees website and basing my conclusion on the fact that Dundee are not claiming CTM as an asset anymore on their Key Assets schedule.

I am comfortable with this Dundee sale (my assumption) as it hasn't started a stampede to the door for our other LT holders. Dundee also have sold stakes in other companies as well, so it could have been part of a sizeable switching of investments into better performing ones.


Movement summary -

Lujeta inc 3m
Harmanis inc 1m
UBS inc 2.3m
Precision Opps inc 1.7m
New Economy.com.au Inc 1.6m
Warbont Inc 0.5m.
Cant see where the balance of shares went to, but they mostly were outside the T20 methinks.

We're getting close to the conclusion of the DFS process here as well as permitting so lets hops investors are recognising this fact, but it's no yet clear whether the last 2 day rally was caused by investors taking a fresh view of CTM, or not. Today could confirm or dispel that theory.

Should see some red today overall.

I've been lightening other holdings over the last 2 weeks (not CTM), with a view to increasing my holding here, but the gap in mid 30's ain't thrilling me.

Lujeta, BTW, hasn't made a Significant holder declaration either......