KOGAS sells out of Blue, page-5

We may never know why Kogas sold. However, in any transaction I always put more emphasis on the buyer's motives. If we use ourselves as an example we buy/sell stocks. The decision to sell can be for a variety of reasons and sometimes be a forced sale. However the decision to buy is generally because it is seen as an opportunity and importantly is completely voluntary. This is no different but of course on a much larger scale. So we now have the previously 2nd and 3rd largest holders exiting and the stakes now in the hands of big hitters. It's anyone's guess what's going on but it's got all the hallmarks of a private equity play. Regal Funds Management is an Australian hedge fund.