I usually see UBS notices relating to goldie companies when the shares are being shorted. So I assumed when UBS recently became a major shareholder it was to short MML. Now that they are out I assume they have finished shorting, which is probably why MML is the only goldie producer that is in the green today.
Ruffer has recently been buying at the lows - they tend to trade shares, so I assume they see value here at these low prices.
loki
MML Price at posting:
35.3¢ Sentiment: None Disclosure: Held
