Yes, agree this is the intriguing part. But yesterday I read a post form someone who had an explanation I liked. He wrote that the buyer most likely speculated that a director selling would lead to a further drop in the price. So he bought only part of what he wanted off-market planning to buy the rest on-market whilst the SP was dropping.
And I guess this buyer may (probably has) also told some of his friends that Klaus was going to sell some shares. Hence the big drop whilst Klaus was selling and nobody knew. But clearly the person buying the off-market part knew, and he knew how much Klaus wanted to sell. So I think Klaus got "played"!
Anyway, last time Klaus sold it was shortly before some really good news. And if I remember correctly the news of his selling hit the market on Friday COB so nobody could react. And the whole weekend people were "whining" about it. This time they did it differently and told the market on Thursday during trading. Not sure why they changed this and also not sure if this was better. But it was what people wanted last time....
The point I want to make here is basically that a director can only sell if there is good news ahead. If there is any bad news and a director sells he will be facing big problems. After all a good captain goes down with the ship. If he is selling whilst good news is coming it is not nice for the SP on the short term but he will not get into trouble and the SP will recover once the news hits the market and/or the market understands the news.
So I believe good news is coming. And since Klaus seems to be selling out I guess he may be leaving. Also saw a post mentioning that the Geo of the company had disappeared from the top 20. Also a sign things are changing. For me (but what do I know, I am pretty green) these are signs that a TO and/or JV is on its way.
In the last couple of days about 25% of the company shares have changed hands. So on Monday I am expecting a notice of some new holder with close to 20% of the shares or an existing holder taking more then 20% of the shares (and therefore must make a TO offer). If it is Huayou who already have almost 20% of the company (including their warrants) they might actually now be close to 40%. But could also just be friends of Huayou who have taken a close to 20% stake. They would be buying the company very cheaply (probably had to pay some people here on HC to downramp, but those are cheap enough I think
). So if they played it like this Huayou may now own about 40% of the company all bought well below the 15c range. For the remaining 60% shares they might make a low ball offer of 20c (almost 100% above todays price). Would make me unhappy as I want at least 30c but it would make it an amazing deal for Huayou! They would get the worlds largest Lithium resource for less then 300m$AUD! Makes me think I have to figure out if and how I can invest in Huayou!?
