Ann: Change of interest of substantial holder, page-15

They knew about the production and upcoming qtly before they started selling, even waited for the share price to come back to 0.8c before selling any instead of selling the news spike. Not sure what their thinking is or how desperate for remaining cash from sale of balance.
I do know what I've been told by the company whilst trying to pick up more. The selling ceased by request of the company whilst developing bids. Whether any of these are accepted by LionGold is another matter, the interest is there.
More chance of a sustained move if they're gone before qtly.
Agree that it makes more sense for them to wait for higher price though, will have to wait and see.