Yellowrobin: I think the answer is to be found in a combination of many factors, including these:
- Blk and Mee have stable core partners (Wesfarmers and Incitec respectively), who can help weather, eg, a credit downturn when further financing is required;
- Glx had a lot of hype, and I suspect many short term buyers, and Blk and Mee less so;
- Blk and Mee have core holders, with I suspect long term views;
- director selling never looks good, even though it is only a fraction of his and the total stock;
- lack of positive announcements recently;
- the general market malise.
Not a holder, but at current prices might become one.
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