I agree, there appears to have been a stock overhang although...

I agree, there appears to have been a stock overhang although only hinted about by management. The current move effectively gets rid of an unwilling holder. It also explains why mangement haven't been big buyers in the market themselves.

The whole thing should progress from here the most important factor bing the stabilising and tentative growth of TiO2 prices accrding to commentary form Iluka et al (who were largely responsible for the severity of the TiO2 price weakness by running their SR Kilns for too long). .