Ann: Change in substantial holding, page-9

its only as cheap as chips if they let the brakes off at some point. If greed has overcome them, the nest may be soiled. It which case there are so few new buyers and greedy people holding will cause share price to take on a rubbish pe ratio. If the customer polymetal has a large share, they may only be interested in keeping the ore price below par. Grr is a classic example. Pe ratios stayed as low as 2.5 for years while ore was always shipped below mrk rate. Whenever prices rose, suddenely customer doesnt need so much and so on