Pioupiou I also believe that in addition to the State of Georgia selling down, it is likely that Denver Investments has been selling down their stake. The fall in the AUD/USD Exchange Rate combined with a falling CCP SP since Mid August would have hit them both exceptionally hard.
Georgia's holdings (held by their Westcore International funds) have changed as follows:
30/6/13 - 5,984,674,
30/6/14 - 5,520,833
30/6/15 - 3,693,395
31/8/15 - 3,045,346
Given the well above average volumes we have had this week, it is possible that their holding are now below 2m. I am expecting a 'Ceasing to be a major shareholder' notice in the next few days. If this speculation is correct the combined holding of these (once) two major shareholders are now somewhere around 3m shares and as such pose much less of an overhang to the SP than they did when together they held more than 8m shares.
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