Ann: Change in substantial holding, page-4

and there it is again

Wellington sells another 1M shares 8 Jan for $3.51
Looks a good move as WSA now $3.30 and dropping despite Ni price increase.

Wellington have been net sellers for 3 months 3.21-3.45-3.51.

And looks like another 1M dump today at 3.30-3.40, it cant get ahead as this top holder Instos reduces their holdings. And you guys have stopped talking now as Wellington has voted with its feet.

Wellington is a top 3 bank in the US, a major equity investor & well known commodities equity investor, maybe it sees better value in cheaper Australian nickel producers as selling as Ni price rises is puzzling.

Annual chart does look like its topped out since the nice run from $2-$2.80