My assumption is Sprott and Baker Steel will still be holding. I dont think they would be selling now at these slim pickings. As well as that i'm not sure that there would be the volume going thru, that they could unload much of their holding without overly effecting the share price.
Remember both parties are bullish on gold. My take is that they would hold thru this troubled period. The chances are that NGX will be delivering into a higher spot price in the future and this may help to alleviate some of the troubles going forward. Although it's going take some time to turn things around from this 'debacle' there is every chance the complexion and therefore the sentiment towards the company will be completely changed in 2 years time.
Just a guess as to our favourite big boys holdings.
Still some more buying moving into it today so its a good sign, without getting too far ahead of ourselves.
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