That is an interesting looking Top 20 After03.
However I believe the number for Shandong may be in error. Their last change in substantial holding notice was lodged on 14/12/2017 (due to dilution as they hadn't participated in the rights issue). Shandong disclosed 131,560,500 shares held directly + 25,629,500 held by subsidiary Oz China Mining = total holding 157,190,000. So I suspect whoever provided those numbers has aggregated Oz China's with Shandong's direct holding.
Substantial holders are required to disclose total holdings whether held directly or indirectly through subsidiaries. If they could split holdings to avoid disclosure that would defeat the intention of transparency. You may recall Alan Jenks' substantial holding notices aggregated his holdings in his own name, plus those held via Barclays (Citicorp Nominees).
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SPOILER ALERT: Poseidon Nickel and Subiaco Capital were initial substantial holders when Triton Gold, formerly known as Australian Mineral Fields Ltd, listed on the ASX in an IPO by Poseidon Nickel on 14 August 2009. Ian Murie was in the top 20 later. Some of the shareholding numbers look a little too coincidental so I suspect there's somehow been a mix up with earlier top 20s. I'm checking past annual reports and will post later.
TON Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
