I think the short answer is YES. Take a look at the volumes traded on KPL over say the last 12 months, the liquidity isn't there for a large parcel of shares. Cott's sale of its KPL shares was obviously pre arranged or facilitated by KPL. It was the right time to sell because they had a willing buyer for a large line of stock. The price achieved was a good one imo, take a look at KPL market depth and then try to imagine the outcome should CMT attempt to sell its parcel AT MARKET. No well is risk free, especially in PNG. CMT management have made a good call imo
BDM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
