to merge with tmr, page-16

I sold 2/3 position at open. Markets at a cross-roads, concern re unwinding Yen carry trade and liquidity crunch. Many IBR holders aren't bailing as can see arbitrage differential with TMR price. On merge many IBR holders will sell TMR, if this coincides with falling copper price and falling worldwide markets s**t will hit the fan. Thanks Matt Wood for the shafting and not even using any vaseline was particularly dissapointing.