what the norton brothers knew

The Norton Brothers sold out most of their NGF shares 1 month after Metavante lost their case with Lehman Brothers.

Why did both Brothers need to sell all their shares at the same time!!!!

Looks like they saw the writing on the wall and it took them 1 month to organise dumping their shares at 33 cents.

I used to be a true NGF believer and had gradually moved 100% of my portfolio into NGF but I have now sold half at 27-28c.

With regards to Rabbit I value NGF with current POG and assuming Homstead fully online (not including Mt Morgan) and the coal in ground
at 36c/share without hedge but
20c/share with hedge
I think that after Metavante they have a >90% chance of losing the upcoming court case.
So they are overvalued
This is not an expert valuation
Just expected next yearly net profit x3 + coal at 50 cents / tonne