Ann: Sale of 6m Major Precious Metals shares to fund gold growth, page-10

I am very happy with CN's reasoning for the sale of 6M shares of SIZE.

1. We needed some cash to progress and hopefully add value to our promising Gold portfolio and selling a small portion of SIZE was a much better option than raising cash resulting in dilution at no doubt a lower SP.
2. We sold a very small portion of our SIZE investment. 49M shares are still available.
3. I am still excited about our exposure to SIZE and want to hold (expect good news flow this year).
4. SIZE has performed very well lately, so our timing was not bad either.
5. If we get a significant rise in the PGM SP, I would not be opposed to some dilution. CN was essentially letting the market know that PGM is undervalued and he has protected shareholders interests.

True, we could have waited for an even higher share price for SIZE, but I think the market would have punished our inactivity.
So my conclusion is that it was a very good call from our management.

GLA Sharegar.