trading update

Mac Bank Instiutional big sellers again flogging off 963,000 share for the week ending a few days ago. This may be part of a management mandate to sell off juniors/explorers etc and put people into blue chips. Who knows but this does not concern me.

Here is the exciting bit. Previuosly ABN AMRO had been purchasing but it appeared their counterpart ABM Amro Morgan had been selling. Mostly accumulation folks purchasing over 865,000 shares realising a net position of about 830,000 share for the week. Interesting, when I get time I will do the calcs to see what their holding may be up to.

As you are aware generally lighter volumes for the week, with the only other interesting point to come out being Tolhurst reducing their holiding by 147,000 shares. Sign of the times where some people have to exit for whatever reason I spose.