On 1 Feb 2024, Barton posted 3 CHANGE IN SUBSTANTIAL HOLDING notices on the same day:
For anyone interested in Corporate Governance, it is most unusual for the Top 2, Top 3 and Top 4 holders to be all selling at the same time, and triggering notices on the same day, and begs the question, who are these big sellers, and are they related?
It gets more interesting, because the notices all bear the same postal address, namely:
* Suite 21, 22 Railway Subiaco WA 6008
That address is also interesting because it also comes up as the address where Barton itself held its AGM:
So Let’s take them in turn:
1. Telarah Holdings Pty Ltd = Barton Director Neil Rose (Resigned 31/06/2023)
2. Gatej Pty Ltd = Barton Company Secretary Alister Blyth [Resigned 2021 ] + **rielle Blyth
3. Six Fingers Pt. Ltd. as Trustee for Six Fingers Discretionary Trust = Alison Auld & Benjamin Auld [Managing Director – Mining Plus Pty. Ltd.]
Mining Plus are listed in Barton announcements as the entity who do the resource work for Barton.
In summary:
All 3 sellers are or were listed as Barton insiders, including a: Director, Company Sec and the Resource Estimation people, and all sharing the same postal address.
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On 1 Feb 2024, Barton posted 3 CHANGE IN SUBSTANTIAL HOLDING...
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