I think the shares owned by ANZ are in nominee form. I think those are shares owned by "retail and institutional clients" of ANZ and as such, will likely not be sold en masse.
I am hoping he is in China arranging some more sales of iron ore at spot. Maybe one of the smelters will finance the port improvements in return for shipments of iron ore. Like Liberty got from their Chinese smelter.
We definitely need some good news and I expect the stock to pop when it happens. I am still very excited about the prospects going forward but wary because of all the turmoil from Opes Prime and that other company that went bankrupt over there.
The ANZ holding is a bit of an issue as Aussie rules limit the % that an individual bank can hold of any given company. ANZ "inherited" their shares. I think a lot of recent selling has been those shares churning through the market. The volumes have been very high lately, so hopefully the worst is over.
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