What makes you think they will sell any more than they have already?
All sales to institutions was via off market transfer not on market.
If STB or NZ minerals wanted to dispose of any more than they already have it would have been done so. Either the Institutions already aware of BLR have had their fill for the time being or are scouting for more shares off market.
It's highly likely after next weeks presentation in the US, BLR will appear on more investor/institution radars and to date no more off market transfers have been executed since last week, suggesting those interested will have to buy on market. Could you imagine the share price if Fosters had to buy on market for their institutional clients!
Momentum is building.
RBA
Ann: Foster Stockbroking Report , page-16
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