Passing time12 Jul 2024 09:01
As we wait for the hoped for Kochang JV RNS to stop I thought I would spend a few minutes looking at the directors holdings to see whether the recent board changes would significantly impact the Boards holding - in summary it doesn't with Aidan and Colin holding the lions shares.
I then had a look at some of the TR1'a and hadn't made the connection before between the Jennings and Align Research (I have been slow on the uptake). Given they hold 9.3% of the stock, when Align tweet I suggest you take notice - he will have his finger on the pulse closer than anyone outside the BoD.
I did have a quick glance at the now historic briefing (2022) that Align did and whilst things have moved on it does continue some low level information that the recent company briefing doesn't.
At the moment the SP is being influenced by small volumes - I suggest that the real controlling power of the SP lays within a few large holders and given the requirement for a TR1 is 5% and not the usual 3% given the location of the company in the BVI, there might be more 'larger' holders than one might initially think - just under the radar. Pure speculation on my part.
Jennings / Align was right to highlight the POG breaching $2400 again - DYOR and consider where the POG might be when we start production.
Have a great weekend.