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Correct. I wonder if this is a result of the 2 tranches and also...

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    Correct. I wonder if this is a result of the 2 tranches and also the fact that some of the first tranche was pushed back into the 2nd. Small window of higher % holding is forcing the to show their hand.

    Interesting, need to do some more research on them, but so far I can see that they hold more in $ value in LCL, than they do in Kinross and Osisko Royalties as at 31/3/21. Not that it means anything, just interesting.
 
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