It has been a while but I think I may have the reason why JP have been selling. They look too acquir more for less. It seems their sell off has ceased and they are now acquiring again for half the price.
Update:
2010 November 25th - 46,220,200 - 6.13%
2011 January 24th - 139,061,654 - 13.58% March 12th - 348,506,373 - 26.63% April 4th 397,068,619 – 30.25% June 30th - 326,262,489 - 24.29% September 30th 298,812,034 (unknown) November 30th 278,391,645 - 21.04% December 31sth 263,828,255 - 19.92%
2012 January 31st 250,202,262 - 18.89% February 29th 244,467,006 - 18.46% April 30th 235,856,957 - 17.81 June 30th 257,498,004 - 18.11%
Also HSBC have also substantially increased their holding.
Don't be fooled by the share price there is value in AYN.
If there wasn't, these historical silver manipulators would not be in AYN.