huge huge block trade - any news on offtake?, page-15

Found it.

The latest Appendix 3B, Page 3, 308,879,218 shares issued for nil cash consideration to Celtic.

354 million issued to management as performance rights.

So if it is one of these two groups selling, they aren't selling for a loss at all.

Management would be seriously rocking the boat if they were selling. My educated guess is it's Celtic. In that case great chance to buy some more as silver approaches AUD$28/oz.