I cant see the trading lineup etc and dont have any experience with it....but what was described...ie a small number of shares dropping the selling price in between big sales...doesnt really sound like a lender getting out of a large holding seized from G...to me. Unless there is another play going on? Because the lender would want to offload for as much as possible to recoup their loan... Who would place the tiny parcels for sale?
I dont get it but i am pleased that the state of play is exposed. So even if Bermuda dont require substantial holders changes ....under these conditions asx has achieved it, i think.
Genorah cant sell its holding can it?...as its held in trust ,is that right? but they can default on a loan...? I think that G will do whatever it takes to keep this project going. There has to be new skilled , strategic, operators let onboard one way or another. The price rests now so low to entice a partner to help Genorah and just think all of Africa will soon be meeting in Perth very soon...the conference just got more interesting,imo.
Looks like there will be a lot of shares sold one way or another...so now we are all a bit wiser, so lets see what eventuates.
NKP Price at posting:
4.8¢ Sentiment: None Disclosure: Held
