G'day haz27,
I agree. I'd be betting that Sprott is still selling down their 54 million holding (6.4%) of Norton (as at 3/5/12) at a discount to Zigin's indicative offer.
However the question remains, why are they selling at a discount now when they could wait a few months and sell to Zijin for 27 cents?
And importantly (for Norton shareholders), who is buying the bulk of the shares?
Interesting times.
Regards,
Goggo
G'day haz27,I agree. I'd be betting that Sprott is still selling...
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