Not really.fair to hang the MD out to dry.
Overall market is rubbish for copper stocks and this has moved from exploration hype into the more mundane process of proving up a mineable resource. Not his fault copper isn't sexy at the moment and he was the MD when this ran from 20s to 1.30.
As for ausbil they took placement stock at 60cents in a cap raising with paradise investments and a few other sophisticated investors along with Charlie Bass.
Reason for selling imo is ausbil are a managed super fund and I think they have investment guidelines that relate to market cap valuations and are in a position that their own guidelines force a sell down and exit. Probably wrong just doesn't make sense to be selling out at pennies to the dollar right now.
Just my Tuesday morning rambling before buying.
Cheers
Not really.fair to hang the MD out to dry. Overall market is...
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