Large holders must declare a 1% +/- movement in THEIR current holding, not 1% +/- movement in total shares outstanding ... the two things are unrelated.
You shouldn't also assume 100% of the past months selling can be assigned to one large holder as that would be unrealistic
some contenders are ...
Vanguard Precious Metals and Mining Fund 5% holding
or
Franklin Resources, Inc and its affiliates 5.28% holding
or
M&G Investment Funds 13.07% holding (unlikely since they own 62 million shares)
whoever it is, they are taking a bath for sure.
very little downside from here for new buyers or those averaging in with a massive upside ahead IMO.
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