Direct from AYN Quarterly report: "Top 10 Shareholders: JP Morgan 19.92% HSBC Custody Nominees (Aus) Ltd 3.05% Lyandji Super Fund 2.70% Seaspin Pty Ltd 2.22% Citcorp Nominees Pty Limited 1.23% J P Morgqn Nominees 1.02% Mr Richard Milne Harris 0.94% ABN Amro Clearing Sydney Nominees 0.85% Golden Matrix Holdings Pty Ltd 0.83% Zero Nominees Pty Ltd 0.76% Total for Top 10 37.38%"
So JPM owns 19.92%, while JPM Nominees owns 1.02%.
Also JPM owns a massive short position in silver, so they hope that silver price falls, so they seems to have a conflict of interest being a major shareholder in a silver producer.
AYN Price at posting:
5.3¢ Sentiment: None Disclosure: Held