Most likely Merrill Lynch or another insto is selling out. However another large fund is soaking up the shares. The volume has been large however its due to the fact 200k -2 million buy/sell orders are being put up and sold instantaneously. Merrill Lynch recently dumped AQA which is my reasoning for them being the recent seller.
Hopefully the large buyer continues and supports the share price. It would be excellent to see someone besides Ansteel (and previously Melewar) buy over 10% in GBG. However I believe we will have to wait till EPA and finance before such large stakes are bought. Maybe its Melewar buying back their old stake? GBG is cheap given its long term prospects.
I was hoping to pick up another 30k shares in the 30 cent range. Thats not going to happen now.
gbg is back! , page-11
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