Hi, has anyone looked at the top 20 holders for gdn between 2006 and 2007?
I was looking at the 3 different top 20 lists which has been released since march 2006. The latest top 20 which was in the annual report released last month there is 12 new holders including the top share holder which is comsec nominees who hold 5,882,720 shares.
ANZ nominees which were listed in a 2006 top 20 is in 3rd on the top 20 and have added another 2,899,141 shares to their holding to have a total of 3,841,239 shares. Silverstone investments were shareholders last year they had 936,667 shares and 666,667 options which if converted all options they would have 1603334 shares but by the 2007 top 20 they have 1,345,334 shares which means they sold 258000 shares or options but is still an increase in holdings of 408667 shares. They also currently still hold 2,000,000 more unlisted options too.
Having 12 new top 20 holders and 2 that increased their share holdings has to offer some confidence in the projects since all of those new top 20 holders have bought in between august 2006 and august 2007.
It would be good to know when some of these top 20 shareholders did buy the shares since it wasnt until may that the share price was under 50 cents in 2007 and a few days from october 2006 to January 2007 that it also went below 50 cents for a couple of days.
If any of those 12 new large holders bought between october and may they would have had to pay atleast twice the current share price.
Im not sure if any of those new holders have a good track record of investments, i have been told that they do seem to know what they are doing with their investments but then everyone can make a wrong choice too every so often.
Just thought to share my thoughts on the new top 20.
Dazt49, You seem to get replies from john, he hasnt responded to my emails over the last 12 months have you had any luck finding out if they plan to do any testing of the oil column?
Thanks.