Hey Ronstaa,
There is no guarantee that this is the end of the selling by New City Investment Managers Ltd, aka the pommy mob. They still have 126 million EXM shares under management, 26 million of which are for Golden Prospect Precious Metals Ltd, for whom the 9 million were sold as per this announcement.
NCIM Ltd have just reduced their overall percentage from 5.225% to 4.88%. Hopefully they hang on to the rest of them for our rerating as the project moves toward production, with the upgrade in resource as you mention.
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