reason for the sell down?, page-2

Yes, that hurt. Nothing sinister I would suggest just a combination of a number of factors. The market was well off, gold had come off nearly 50$ and maybe those options which were converted (3.4 million) on the 8th are being dumped as shares by someone needing the money. The words of management keep ringing in my ears, "hang in there plenty more to come" . With most Directors I would laugh that off but this is a great team and will heed their advice.