Seamay and others asking who would have sold at 10c etc. Desperate shareholders looking to cash in whatever they can get.
I know a few top 20 shareholders personally and I know they did not sell.
I checked out SAU for starters, who were given $500k and 3mill shares for the Challenger mine area tenements. They had in Sept, $700k left and now may have much less in their kitty.
So if they were looking at cashing in to keep going a bit longer it would not surprise me at all. Desperate Juniors need every dollar they could get their hands on and maybe they thought if approval does not come they may lose this chance to sell.
Other shareholders may be in same position.
Anyway whoever it is, it looks like they made the wrong call but they may sell into the news this week anyway with any shares they have left.
TRF Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
