Not quite the case Focker:
Mitsubishi, who was Infinity’s largest shareholder, began selling at 18.0₵ per share at the end of Dec 2017 and accelerated the sales when the Share Price fell to 6.0₵ in January this year. They sold a total of 10.2 million shares at an average of 9.7₵, 60% of them in the last 3 months. If anything, they pushed the price down. Their last sale was on 26 February at 7.8₵. They still seem to own a just under 900,000 shares, about one-tenth of what they once had.
Keep in mind that, as a trading house, Mitsubishi collects and maintains very good business intelligence from all over the world, including their offices in Spain. Perhaps they know something about the San José Lithium project we don’t know. To me, it looks more like divesting from a declining asset, like rats deserting a boat...
I hope I’m wrong...
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Not quite the case Focker: Mitsubishi, who was Infinity’s...
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