According to the announcement on 7/11/08, Orbis own 15.06% of CER.
Their initial CER substantial holding of 5.14% was announced on 6/3/08 and they spent the next 8 months accumulating around 230m more CER shares.
They bought roughly 27.5m shares per month... which is just over 1.2m shares a day.... 200k shares an hour.... or 3,333 shares a minute.... roughly.... as spooked investors ran for the exits and offloaded their holdings.
Every 1c that CER goes up in price, the Orbis stake goes up by $3.4m.
According to the announcement on 7/11/08, Orbis own 15.06% of...
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