ERM 4.35% 4.8¢ emmerson resources limited

Ann: Change in substantial holding, page-2

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  1. 7,557 Posts.
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    Well that explains the downward pressure after the results were released.

    Approx 5m of the 12m shares that traded from 12th to 14th October we being sold down by one shareholder. Probably just looking for a quick exit to recover some cash on a position that's probably in the red so can't blame them for selling into good news.

    My concern will be that if they're determined to make a bigger exit, they still have 60m shares up their sleeves which could make the next run up a tad more difficult. If they're smart, they'll allow the SP to run first before starting the selling.
 
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