Where did it actually say that Klaus needed the money, or the shares for that matter? All his shares were gifted to him.
ML needed some more, at a great price as he has told us via his twitter account, and signed that tweet off with the comment:
"Short term volatility provides opportunity...."
Some heart posters have been Klaus-ed, and have withdrawn to the bunker. Don't think many of them sold into the event, though, but who really knows?
I am down around 3 cents on my average after buying in after the first modern drill result was released. But having seen the aftermath of what happened after Klaus sold last time - I am not too concerned.
I was always going to hold for at least a year anyway (but I did expect the Chinese parties interested to take this over before the drill campaign was finished).
A week ago before anyone knew that KE was selling half his shares, I was totally cheesed off at the ASX spec market as a whole, vowing never to return and sell off all holdings, when a favorable opportunity arose.
All my spec holdings are tax loss candidates and the overall mood currently in the spec stocks is rotten and probably a result of the "feel less wealthy" mood of the Australian economy ATM.
But after the 3Y came out, I am feeling a little more confident about things.
Still disappointed that I did not sell AVZ and take a profit - which I usually only do if I lose interest in a stock. But I still have an interest in what is the ST future of this stock, so I didn't sell any.
AVZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held