Good observation. I hadn’t really thought about the source of the 200k. It does seem unlikely that someone in the top 20 would be wanting to sell out now when the companies prospects are looking as good as they have for at least quite a while. If there were many doubts, you would think we would still be in the 30’s, with lots of volume. Then again looking at price history, it’s not a bad price.
One other possibility is that it’s the Kentgrove shares trying to keep a lid on it, which even if it’s the case could equally disappear by Monday. Unless they’ve been buying they only have 250k that they could sell (as I interpret).
Volume has been high as you say, with 1.2m traded in July and August, compared to 1.5m for Jan-Jun and 2.3m for 2014. Price has been rising on strong volume (but August run rate is about half of July).
Top 20 have ~80%, leaves only ~4m shares for the rest of us.
Good observation. I hadn’t really thought about the source of...
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