Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-72

This is an old T20 so if someone can source a more current one we can compare the two. The one I've got is from 19/09/2017

Top 20 Shareholders

About the Data

	Name	Shares	Captial
1	Merrill Lynch (Australia) Nominees Pty Limited (Resource Capital Fund Vl.P)	146,759,029	32.55%
2	Mrcheesiew Yaw	40,816,667	9.05%
3	Pandjr Pty Ltd	9,889,283	2.19%
4	J P MORGAN NOMINEES AUSTRALIA LIMITED	5,624,924	1.25%
5	Mr John Mcgregor Skinner (i)	4,992,626	1.11%
6	Mr Matthew John Turner & Mr John Anthony Turner	4,686,400	1.04%
7	Stoyle Holdings Pty Ltd	4,628,000	1.03%
8	Jannarn Pty Ltd	4,466,666	0.99%
9	Corporate Property Services Pty Ltd	4,333,333	0.96%
10	Lake Pacific Pty Ltd	4,000,000	0.89%
11	Coal Industry Services Pty Ltd	3,093,352	0.69%
12	Mr Simon Tulloh & Mrs Robyn Tulloh	3,000,000	0.67%
13	Mr Vince Truda	3,000,000	0.67%
14	Mr John Mcgregor Skinner (ii)	2,985,000	0.66%
15	Mr Leonard Bebri	2,975,000	0.66%
16	Mr Grant Morris	2,771,551	0.61%
17	BNP Paribas Nominees Pty Ltd	2,726,015	0.60%
18	Sml Contracting Pty Ltd	2,650,000	0.59%
19	Mr Brett John Harris	2,602,491	0.58%
20	Mr Glenn Thomas Connor & Mrs Annette Margaret Connor	2,500,000	0.55%
21	Ms Chew Yuet Foong	2,390,000	0.53%
22	All other shareholders	42.13 %

Since the cat got out of the bag prior to the SSP TH the slid down and then pretty much flat lined from .7c to 1.0c for twelve months has been pretty much our existence.
Any time there has been a bit of a lift in SP the holders wanting to exit have pretty much squashed any continuation in that direction, so from that any prospective trader would be doing his DD, spotting the small volumes or no trades on a lot of days, more downward pressure on good ann. then a SP gain. That and not high amounts of cash on hand, so therefore they would be thinking that a CR could be around the corner and a good chance of a SP drop which is common on CR's.
Then with more DD they would see we still have a lot of ticks in boxes to complete to have Redmoor a no brainer to mine. What I mean by ticks is time & money. Too much of one & not enough of the other. We maybe still on a lot of traders radars but they will hold off till we are closer to mine or as I said the other day we have a shock announcement that just gets traders with FOMO to a re-rate that better fits NAE's true value.
Subs has been pretty confident that Gaz has something up his sleave regarding Lochinvar (I'm not so, but love being wrong    ) that is the shock announcement that may get us up off the floor. Even if Redmoor was to double in size I wouldn't be surprised if the same up down acured with little to no gain coming from it as the market already knows Redmoor is a good project but we would still need lots more money to get it to mine. Now we have had to offer dropping to 40% to stay in the game so the next thoughts from new traders is how much % will NAE have in twelve months. I'm sorry Subs I'm probably on your "hate list" now but Nod wanted opinions. (HC is all about sharing & learning!)
But don't forget I'm still buying so I have faith. Just not soon.

That's my rant so back to my hole I've spend my posting quota for a month now!