There may be more shares earmarked to sell , who knows ?
I will give this share a wide berth after this announcement today.
The directors have also surprised me, I should have thought with such a load of shares to be sold a placee could have been found.If Not why not ? It would be interesting to know as this has not done the share price any good from a bullish perspective that is.To have to sell a large load of shares against a declining price looks to me as if placee's are hard to come by in respect of this share.Is This due to the Gold sold forward , and or costs of extracting the gold and or the Time span forward for production and the outlook for the gold price with many Bulls saying Gold is going to rise.One way street Oh No, we have heard that all before. However the Indians look as if they are cutting back on purchasing Gold at these levels, and they have been large buyers in the past.B2
There may be more shares earmarked to sell , who knows ?I will...
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