I doubt Orbis will be able to sell it to the funds to raise the cash. Most of them wll be sitting on an MDT loss of 30% some of them from only a few weeks ago.
Its a hard sell to say hey, I know you just lost a whole heap of money on this share but how about you dump three times that investment on it again and hope it all pans out.
The upside of MDT has also been some what deteriated and there is alot more risk in the stock now. There is not to many big players who would touch a stock like MDT but even the likes of orbis need to stop at some point when the losses start pilling up.
Ive notice Orbis have been buying up some VPG. I think i made mention of this before that when they brought up their MDT they did it by selling down their CER to pay for it. My suspiction is they are selling down MDT to buy the VPG.
MDT Price at posting:
5.5¢ Sentiment: Sell Disclosure: Held
