IVA 0.00% 21.5¢ inova resources limited

WOW indeed …Vanguard have sold 7,060,585 shares or about 20% of...

  1. 370 Posts.
    WOW indeed …

    Vanguard have sold 7,060,585 shares or about 20% of their 5% total holding and M&G have sold 2% of its total holding (now down to 10%). They both remain large holders of IVA but there are a few things which still puzzle …

    Why would two separate funds decide to unload large amounts of stock in the same time frame at rock bottom prices to a mystery buyer who arrives out of the blue to soak up all the selling in a very orderly manner ?
    Who is the mystery buyer ?
    Who were the sellers from 60c down to 14c since January where 46m shares were traded and yet none of the funds were involved ?

    Most importantly … have they finished selling ?
 
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