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If you read Sandfires Anns, they have sold out of other position...

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    If you read Sandfires Anns, they have sold out of other position too over last few weeks/months
    They are up for a $5m bond/surety on a project in US

    https://hotcopper.com.au/data/attachments/2408/2408498-78770bf6f85d72514a752c3b99def250.jpg
    Plus CBA and MUFG

    https://hotcopper.com.au/data/attachments/2408/2408532-aca29c1ec0e4f0ac4aac093b2eb843dd.jpg

    And a legal challenge to that development

    https://hotcopper.com.au/data/attachments/2408/2408541-0f92748c93c630a2a780025287c0c79c.jpg

    So in view of this not surprised they are selling down and preserving their cash balance


 
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