I rang the Co on Friday to ask some questions about the geology. In the conversation I mentioned the falling SP and I was told that 3 institutions participated in the recent placement.... one of those has changed hands and the new management has a policy of no mining Co's and have been unloading. They held 5M shares... some chance Friday's parting gift was them clearing the last of their position.
Certainly would explain the dedicated selling and the fact the SP couldn't hold it's high after the first ann on the 24 Oct.
MRP Price at posting:
11.5¢ Sentiment: None Disclosure: Held
