Battle of the 1 share bidders, page-11

Its a weird one smoking. It ticks all the boxes except the transfer of exploration success into share price gains. I cant ever recall owning such a no brainer of a stock that just fails to perform.

I mainly put it down to the registry being tied up so tightly. There are other reasons IMO like managements shortcomings in certain areas. But 4 groups control 66.4%. The top 20 as at Sept 15, 2017 controlled 66.95%. So you can bet that the next 10 shareholders who fall just outside the top 20 would take the tally to over 70%. Then you have the all the rusted on type of shareholders just waiting for eldorado to pay off.

But even given all that & maybe there being only 20% of the registry available to be traded. The price should still be higher than what it currently is.

As they say just when you think you have the market figured out, you get taught a new lesson !