They still actually have 42,400,000 in the game. Fully agree it is a lot of skin to have in the game.
I think to say 1.35mil net loss is overly generous. It is a 1.35mil net sale compared to what they held before November 2017. It is a 8.35mil sale compared to what they held from, say, 1 January 2018.
Obviously, it is not so much a problem with them selling, but rather, wanting to know why they sold at this time! And also why they didn't update the market regarding their holding on 3 November 2017, when the relevant 7mil purchase occurred.
CLA Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
