Here are the top 20 shareholders as at 24th September 09:
Name Number of ordinary shares held Percentage of issued shares % 1. Fairstar Resources Limited 24,297,958 16.97% 2. Portman Iron Ore Limited 24,276,852 16.96% 3. Hunan Valin Steel Co Ltd 14,400,000 10.06% 4. Yilgarn Infrastructure Limited 7,008,288 4.90% 5. IFTC Broking Services Ltd 3,820,000 2.67% 6. Shashua Pty Ltd (Hutchinson Super Fund) 1,885,000 1.32% 7. Yijian Investment Co Ltd 1,600,000 1.12% 8. Dolphin Technology Pty Ltd 1,536,488 1.07% 9. HSBC Custody Nominees (Australia) Limited 1,386,323 0.97% 10. Surfboard Pty Ltd 1,359,182 0.95% 11. Dr Neville Joseph 1,205,504 0.84% 12. Michael Reginald Wilson 1,135,438 0.79% 13. Malcolm James Doutch 987,215 0.69% 14. Mr Morris John Starcevich & Mrs Glenice Starcevich 978,750 0.68% 15. Zero Nominees Pty Ltd 976,576 0.68% 16. Mr Alan Paul Rudd 815,000 0.57% 17. Mr John Wallace Doutch 772,034 0.54% 18. John Leonard Daniels 750,000 0.52% 19. Shashua Pty Ltd (G & K Hutchison Family A/C) 725,750 0.51% 20. Joan Evelyn King & Margen Pty Ltd 682,001 0.48% 90,598,359 63.29%
So I guess who was selling \ buying last week (1.7mil xtrade) could reveal the next piece of the puzzle. There should be some interest in GWR this week with Iron Ore spot price flying and the demand for IO continues to strengthen. Chart looks good , the close (well) above 54c on Friday is a clear breakout from previous resistance levels so we should see a nice litte run.
As painful as it is I keep an eye on FAS and they might have a find brewing which we might be a part of through a farm in - might not be so bad , if we can get something close to infrastrure (aparently 23 km from a railway) into production then the company will be revenue generating while we wait for the port to be complete (a few years off yet) and and the sleeping giant Wiluna West will come into play.
GWR Price at posting:
61.1¢ Sentiment: Buy Disclosure: Held
