GGY glengarry resources limited

This is very bad news with Mr P selling down his holding...

  1. 6,951 Posts.
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    This is very bad news with Mr P selling down his holding imho.
    The landscape has changed imho.
    The reasons are known to him. Now that he is not a substantial shareholder he can sell without the market knowing he has sold. If he had sold out entirely then there woud have beeen a possible adverse jolt to the company.The other matter which will have to be addressed in the fullnes of time is a fund raising to progress the development of the company.When and if they use equity to keep the company on a sensible capitalisation basis and at what price would shares be issued and to whom.
    B2

 
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