Suti1, I disagree, I don't think you can assume that they are "selling out". If they sold 28.9m shares in one XT and were selling out, why not sell the other 38m that they have ? The fact that they sold 28.9m in one trade shows there is a demand for large parcels of HGO shares and for all we know, they may have made a profit on that trade, you don't know. Many a trader has sold a portion of their holding and locked in a profit, only to buy back in at a later stage. They are professionals not amateurs. They are traders and it doesn't reflect any negativity on HGO. It will be interesting to see what AMP will do next.
Are you asking the question if Colonial or Renaissance have picked these parcels up ? It is difficult to say about Colonial, as there has only been one reference to 5.1m through CBA on the 25th. But Renaissance didn't as they got 32m in the share placement on the 26th.
I look forward to (hopefully) seeing where these 28.9m shares have found a home.
HGO Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
