CALIMA ENERGY - Positive Outlook, page-62

Last few months (from mid year) i have seen one of HSBC's funds that held over 18m shares (and probably more before i started following it) gradually sell down . I reviewed Top 20's on a few occassions and this was clearly evident.. imo this is why we had the divergence between oil price rising (from $60 to $90 WTI) whilst share price was dropping and continued to drop.

I would guess that they have now finished selling out given they fell off the Top 20 a few weeks ago and given market depth / volume, id say that's the case.

Time for share price to start reflection valuation, which imo is much higher than $50m odd.