Hi Micky I am not sure if you are interpreting this movement...

Hi Micky

I am not sure if you are interpreting this movement correctly.

the share slides marginally lower on a very heavy volume over the last 2 days, but still relatively up compared to prior to the announcement.

my thoughts s this is the type of movements you get when someone with significant share tries to exit. They have advised their broker to exit with best possible price hence the gentle slide.

also don't forget, for all the share sold. It has found a buyer. Otherwise the decline would've been chaotic


I am guessing that we may see a change of substantial holding soon. I am not surprised if its blumont finding their efforts here futile and decides to liquidate their strategic stake.

so in the very short term, yes the price is likely to. Dip lower until they finish.