3,570,000 traded at 15 cents so far today.
I suspect Suse got his/her a/c up and running.!.lol.
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3,570,000 traded at 15 cents so far today.
I suspect Suse got his/her a/c up and running.!.lol.
As far as I can find out, it is an original director/shareholder who did not want PAZ to spend the big dollars on expansion.
He resigned as a director a number of years ago,and has been slowly feeding shares on to the market,rather than just dumping his shares.The retiring Chairman,the new Chairman,director Wayne Burt,the CEO,and the JBWere shareholding, all added to their holdings,as did I ,and another large shareholder, in the capital raise.None of us have sold any.
As at last September the seller had just over 19mil shares.I do not know how many he currently holds .
Thanks percy, gives me an understand on the situation, imo until this position is sorted the future of PAZ will de driven by its results, I guess that this is the disadvantage of the unregulated unlisted market, no insider updates of their share holdings, buying, selling
and current share holdings.
Welcome aboard Iceman.
I can't find out how many the big seller has left to sell,as all I have is The NZ Companies Office list of shareholders as of September last year.
Very roughly over 19 mil shares have been sold over the past 6 months,although PAZ site shows 21.5mil traded during the past year.Very few were traded in the first half,so perhaps there may have been over 19 mil traded in the past 6 months.
I would guess most have come from the large seller who had 19 mil shares.
Therefore the big seller may have less than 5 mil left yet to sell,perhaps fewer.
I may be over optimistic, but I think once these 5 mil,or less, find a nice happy caring home, we will see the sp over 20 cents.
This will off course be helped by Sharetrader's being able to buy via Direct Broking.
New high @ .16 for 121k shares traded today , next stop Im picking .20 !
Here is the latest list
https://app.companiesoffice.govt.nz/...59679964B28DC5
18 million held by craigs custodial services where the sell down is coming from i think? hard to seperate out clients who are holding and who are selling. My name is not listed for example.
Hell of alot of unmarketable holdings there. minimum buy on unlisted i think is 20,000.
Fantastic.Thank you.
Our big seller was the only large shareholder to have sold any,since September.
With over 12 mil shares traded since March my guess of 5 mil left may not be too far out.
Will have to wait for the next updated list.
Both my wife's holding and my holding are correct.
ps.How did you locate that list.?
Thats the 0.16 all soaked up. Now onto 0.17
425k sold today another good day, if PAZ was on the main board it would gain the attention of some instos that cannot trade on the unlisted ex but that the way things are atm.
Half a cent rise. I'll still take it.