In an illiquid stock, they managed to offload at least 33mil...

In an illiquid stock, they managed to offload at least 33mil shares. Will be interesting to see who is the new owner of these shares.

As for Grafton Resource;

In 2002, an investment vehicle called Resources Investment Trust PLC (REI) was launched to take advantage of the slump in resource stocks, brought about by the economic slowdown which followed the dot com crash. Between 2006 and 2007, REI realised their investments, and £54.5 million was returned to shareholders, from an initial investment of £15 million. That’s an absolute return of 363%, or a cumulative return of 38% a year.

The protagonists in REI once again saw an opportunity for profit in 2008, as economic fears sent stock prices tumbling. Grafton Resources Investment Limited was created to take advantage of the immense opportunities present in today’s market and invest counter-cyclically, in order to realise a profit once the economy has recovered. Companies with a solid base of resources find themselves short of cash, as the crash in commodity prices reduces their profit margins, and their traditional financing methods are withdrawn. By a method of share swaps, Grafton can provide liquidity to these companies, and Newland’s experienced team can help guide them through these tough market conditions. By carefully investing in companies with a large resource base and growth potential, and taking advantage of the discounts offered on their share prices, relative to 2007, Grafton aims to maximise shareholder return over the 5 year life of the fund.


I think we will find 5 year life of the fund is now expired, hence they liquidating.