With management openly conducting roadshows if there was a seller you'd assume it could have easily placed a big line during the roadshow particularly since the Co has indicated it wont raise or gift a placement to insto's (which is of course the first thing they ask during a pressie - ie we want x number shares @ x price)
Not convinced this isn't simply a case of someone wanting stock unable to get it off market in a line because of the relative cashed up attitude of the Co. who is simply seeking it elsewhere.
Wouldn't be surprised if we see a NEW sig shareholder entering the top 20 rather than some leaving if only because the vol's that have churned thru over the last 7 days would easily allow someone to accumulate a decent stake.
Finally there is no little doubt railway is what they say it is ie something like 100mt HG. A jorc will bring much more interest but in a coal/IO hot market some of the bigger players wont wait.
DYOR
Add to My Watchlist
What is My Watchlist?