I followed RDR as a stock trading below cash backing with great assets that was being pummeled down by a big desperate seller
I then simply watched as Vanguard sold and then would see how many they had left when you read the Change in Substantial Shareholder notice" they would lodge
Initially I was drawn to GXY as a cash box play but then was wondering why the SP slide, as soon as I saw it was Vanguard sellling again my attitude was wait for them to be taken out then take a serious position.
Vanguard had 83M shares left to sell as at last GXY notice
JP Morgan hold it on their behalf as a broker
Given the volume was 111m it would imply that someone else with 30M was also taken out not sure who what is
RDR took a day to get going
I would expect GXY will do the same taking the weekend for people to realise whats happened
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