I got am updated top 20 shareholder list,it is AUST CONGLIN INTNL INV GRO that have been selling this flood of shares which is bringing down the price despite all the good news. They held 7,213,099 shares and now hold 2,510,000 so they have dumped 4,703,099 shares onto the market with no contact with Management.Luckily CITYCORP NOM PL has bought 3,088,376 shares being our top share holder. 9 of the top 20 have been buying with only 2 selling.Our top 20 own 83.31% which is about the same as it was back in October.I spoke with Management who are disappointed because each time we get a good announcement they were able to dump more shares which crashed our share price.In hindsight it is better finding out it was 1 large shareholder selling, I think he sold another 100,000 today which would leave him with 2,410,000,better for us if he sells out soon instead of drawing it out.On the positive side buyers know they have 2,410,000 cheap shares available before the selling orders dry up.I have followed GWR for many years and never seen so many shares flood the market at one time.This is with GWR being in its best position moving for many years. CHEERS
GWR Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
