So Ellerston has sold 750,000 shares in the last five days, equal to one third to one half of each day's sales....must have had a significant impact on the SP. Sold another half a million in H2, 2015. Ellerston held nearly 9 mill six months ago, so we don't know if their selling has completed - but the holding now is less than 5%. Usually the notice to the ASX of sales is made after the shareholder has finished buying or selling for the time being....so we may get some rebound now - as would be expected from such an oversold position.
Let's hope the first half financials show Ellerston made a mistake.
IMF Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
