On the 8th July IRM ( Iron Mountain ) announced a "Substantial Holding" in KGM and they were no doubt the cause of the spike in volume just prior to that date.
Reading some of the posts on the IRM threads on HC the shareholders of that company do not seem very happy with their management.
IRM shares are around 2c, even less than half that of KGM, but I cannot see Laurence Freedman letting his substantial holding in KGM go easily.
Lockitt
KGM Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
