agree sck, the change in holder notice show date of change as 29th & 30th, so that was Wed & Thurs, it appeared the selling continued Friday with over 5mil traded so they could conceivably be almost all out by now.
I think it is good news particularly bearing in mind the Twiggy Forrest factor http://www.poseidon-nickel.com.au/UserDir/AsxAnnouncement/AF%2020m2050.pdf
lending POS $8 mil in April and now scrambling for cash
this could explain the rapid unloading of Poseidon's holding bearing in mind Mr Forrest is Poseidon's non exec chairman with a significant holding and personal funds put up for bridging in April.
Not saying this is what happened but just offering a fairly plausible and very positive explanation, as the selling by POS appeared to happened simultaneously with the buying into FMG (ie 29th Aug) and there is one common denominator.
TON Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
