If "a few large holders are determined to sell no matter the price" could that not possibly be indicative of them being aware of something about HIL which the buyers are not - especially as the SP has declined ~30% in two weeks?
Revised debt facilities were initially meant to be in place by Feb-16 and now discussions have been extended to Apr-16 (two weeks away). Maybe the discussions are not going well? Maybe the "few large holders" are ill-informed?
Time will tell.
HIL Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
