Off market shares sold to facilitate a TO. Selling the rest on market as he will not have a chance to free up capital once drilling results, JORC, TO/JV start churning in over the next few months.
Dumped his shares so TO buyer can accumulate, took one for the team so to speak.
Lots of other scenarios where klaus selling was for the benefit of the company, all you have to do to see these possibilities is understand that once ones net worth reaches a certain point, money is not everything. It's a hard frame of mind for some to comprehend, but believe me it does exist.
AVZ Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held