Today's late announcement shows Orbis has sold down from 353.6m (15.4%) to 327.6m. (14.35) on the 14/10/2009. It looks like Orbis is now ready to lighten its holding in CER. CER will need plenty of buyers to absorb Orbis's 327.6m. shares remaining, so it could put a bit of a dampener on the share price for a while.Would be nice if company could find a buyer for this line, then it is out of the way for CER existing shareholders. Regards Buffett PS: No investment advice given on CER, please do your own research.
CER Price at posting:
20.5¢ Sentiment: None Disclosure: Held