Come to think of it all the large holders got into GWR without...

Come to think of it all the large holders got into GWR without buying their shares on the market.


1 Cliffs (14.75%) - Cliffs got most of it shares cheap in off-market transactions through the OPES Prime debacle.

2 FAS (14.15%) - FAS got it shares through a failed all-script takeover offer of GWR.

3 Wynnes Invesment holder (13.04%) - Mr David Law Tien Seng got his shares through a unnecessary share placement IMO

4 Hunan Steel (8.75%) - Hunan got it shares through a defensive share placement designed the protect the board from Cliffs IMO

5 Conglin Investment Group(4.38%) - The only company with the balls to buy it shares on the market!

6 YILGARN INFRASTRUCTURE LIMITED (2.47%) - Yilgarn got it shares through some kind of equity swap arrangement with GWR (correct me if I am wrong) that involved no cash.

The majority of the rest of the top 20 are holders from the initial placement.