I think acecant covered this in an earlier post as just a minor balancing act or they needed some cash and SLR's strong market was an easy avenue. Relative to there holding it was pretty small time going from 7.05% to 6.95%. However like you it never fails to amaze me the number of holders who are willing to sell at current price when there appears to be so much potential. The one that surprised me was Sprott in April selling down from 10.6% to 9.5% but I just assumed it was some arcane balancing/cash flow requirement. At the end of the day behaviour like this provide opprtunity I was very pleased to have a little top up at $1.73 during one of the recent corrections/tracebacks. As an aside Fridays's strong come back was on relatively low volume of 400k+ when we are more used to seeing 800k + traded . At the moment I am thinking this may be indicative of the fact stock is getting harder to find.
SLR Price at posting:
$2.10 Sentiment: Buy Disclosure: Held