If you thought that all the selling pressure was from small retail investors. No, it was our 2nd largest shareholder OMH who as doing all the selling.
OMH is now starting to suffer from the huge drop in manganese prices and must be putting more pressure on OMH. Manganese prices are down far more than IO, and continuing to drop. So we could see more of the same as the TTY shareprice tries to pick up.
OMH must be getting desperate for a few dollars. Otherwise why would you sell at these prices.
On Market Disposals
Date of
change Person
whose
relevant
interest
changed Nature of
change Consideration
given in relation
to change Class and
number of
securities
affected Person's votes
affected 17 Dec
2008 OM Holdings
Limited On market
share disposal $10,000 100,000 ordinary shares 100,000 ordinary
shares 19 Dec
2008 OM Holdings
Limited On market
share disposal $20,500 200,000 ordinary shares 200,000 ordinary
shares 31 Dec
2008 OM Holdings
Limited On market
share disposal $30,000 200,000 ordinary shares 200,000 ordinary
shares 2 Jan
2009 OM Holdings
Limited On market
share disposal $17,000 100,000 ordinary shares 100,000 ordinary
shares 5 Jan
2009 OM Holdings
Limited On market
share disposal $38,000 200,000 ordinary shares 200,000 ordinary
shares 25 March
2009 OM Holdings
Limited On market
share disposal $16,000 100,000 ordinary shares 100,000 ordinary
shares 26 March
2009 OM Holdings
Limited On market
share disposal $19,050 115,000 ordinary shares 115,000 ordinary
shares 27 March
2009 OM Holdings
Limited On market
share disposal $14,450 85,000 ordinary shares 85,000 ordinary
shares 30 March
2009 OM Holdings
Limited On market
share disposal $17,500 100,000 ordinary shares 100,000 ordinary
shares 31 March
2009 OM Holdings
Limited On market
share disposal $12,018 66,764 ordinary shares 66,764 ordinary
shares 1 April
2009 OM Holdings
Limited On market
share disposal $24,649 133,236 ordinary shares 133,236 ordinary
shares
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