Ann: WWI Melbourne Mining Club Presentation, page-25

Ended up getting a TOP40 dated end of JUNE18 just been comparing to the last TOP20 I could find 28th SEPT 17...

over this time shares outstanding has gone from >456mill to 717mill

Our biggest 2017 S/H > "Twynam Agri" = 88mill shares exited the register new Largest is DRD with the same holding they had in 2017 47.8mill

TOP20 2018 = rough count around 38% of the shares > need more than 7.95mill to make 20th position

Only New major holding I could find is a "Strat Plan Pl"(Aus based) 2nd biggest holder with 22.5mill

Going over the rest of the two TOP20 Vs TOP40 pretty much the same at the top20 a few selling down to others buying more ..nothing major >>

To make the TOP40 which holds only 55% of the shares you need more than 4.25mill

So what amazed at is even though we have another 261mill share on the books and Twynam selling 88mill out we only have really one new bigger holder in Strat Plan pl with 22.5mill>

That's an impressive soak up from the smaller retail end of town ... and a good reason why the SP hasn't moved much IMHO