Hmmmm! The buying interest is still there; very much alive in...

Hmmmm!

The buying interest is still there; very much alive in fact!

HQ said yesterday that it did not know why there was great buying interest. Obviously, if it comes to know of something material/price-sensitive after that time, then it will have to release that info in a timely manner.

All I can think of is that the market cap was considered way too low by certain sectors but that they let BlueCrest offload without pushing the buying, instead letting BC come to them at between 1.3 and 1.5. Then, when the 'no longer a substantial holder' notice issued they attacked.

So, without any special news imminent, what is a fair MC? In comparison with other micros doing similar things it still seems too low imo. There are just under 231m shares on issue and no threatening option conversions.

This was the top 20 as at 1/9/15.

As at 1 September 2015
Alchemy Resources Limited 63 Annual Report 2015
Twenty Largest Holders of Quoted Ordinary Shares

Northern Star Resources Limited 33,333,334
Citicorp Nominees Pty Ltd 26,944,077
Jindalee Resources Limited 17,469,759
LG Dudfield Pension Fund 10,259,721
Troy Resources Limited 10,000,000
Grandor Pty Ltd 7,394,213
Cardinal Management Services Pty Ltd 4,420,201
Mrs Stella Emily Downey 3,467,750
Dr Colin Rose 3,440,399
Rossdale Superannuation Pty Ltd 3,246,000
Mr Richard Barry 3,000,000
Canaccord Capital (Australia) Pty Ltd 2,785,500
Wythenshawe Pty Ltd 2,700,000
Kale Capital Corporation Ltd 2,512,650
Bouta Pty Ltd 2,480,360
Wavet Fund No 2 Pty Ltd 2,265,000
KE & PW Holdings Pty Ltd 2,000,000
Warramboo Holdings Pty Ltd 2,000,000
Prodigy Management Pty Ltd 1,900,000
Novus Capital Limited 1,218,750

That's a total of 142,837,714  and = 62.43% of the shares on issue at that time, about 229m. Citicorp would have been BC. Where have its shares gone?

It would be nice to have a current top 20, or better still one as at next Monday.

There has been no Notice of change in NST's holding so far.