Interesting to see that YA Global Master SPV Ltd are now quickly getting out of ECR, give it a week or two and they will be below the 3% stake you are required to notify on and they will be all but gone.
I know it is a matter for discussion on here and some agree and disagree, however IMHO YA Global Master SPV Ltd would have to have been ‘SHORT’ on ECR, why else would they have held on to their shares and not disclose until very lately, also IMHO this is what explained the reason why when the Itogon RNS was released the share price was held back when they dumped 31m shares at 0.10, which was 50% or so behind the price on that day, why else would you tolerate that kind of hit if you weren’t shorting this share and trying to keep the price down? If you where ‘LONG’ then you would also be holding on as the share price rises, to my eyes I think it is obvious that they are now unwinding their short positions and getting out of ECR completely.
Hopefully this is a sign that YA and SEDA are behind us. If ECR can release news this coming week (funding of some kind or another) and push volumes up then YA will be able to move their shares faster and hopefully this can really start to move northwards. I for one am expecting news this week coming considering the flurry or PR lastly and the fact that the last SEDA raised so little IMHO, and DYOR.
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