RE: why Institutional holds 56% ?
1. Goldthinker's post(16 Nov)has a good answer to your pertinent question. He wrote that the current price of OYM is "a bargain".
2. Dragon Capital is a top-notch investor in Vietnam. There are at least two good reasons why they invested heavily on OYM: one, OYM is indeed "a bargain" and two, they are bullish on gold.
[ The gold production costs per ounce at Bong Mieu and at Phuoc Son are respectively 219 USD and 149 USD(2005 OYM Annual Report; pages 5 & 8). This morning the NY gold spot price is 630 USD ]