In the 31st Aug top 20 shareholder list, the Morgan family sat at the 15th position with 5.46m shares. But they have disappeared from the top 20 list in the 14th Sept update. Looks like they could be the major seller everytime the price move up. The 20th largest shareholder in the 14th Sept list has 3.93m of shares. At the very most, the Morgan family may have 3.9m shares to sell (from 14th Sept) ie if they are selling down everything. I think OCJ will patiently pick them up at as low a price as they could tempt them to. As the 15th largest shareholder reduces their portfolio, the 2nd largest shareholder increases theirs.
KMN Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
