I wouldn't say YA Global are finished; according to the bond conversion announcement, they still have in the region of 59,893,751 shares to sell. Perhaps we will see a holdings announcement to say they've moved through the 3% threshold ?
Yes, volume good again and lots of 1 million+ buys over the past few trading sessions.
I'm pretty sure something is afoot here, but what, I don't know.
I could be wrong but I have it down as a 50/50, I reckon it's either sale or news on a sale of El Limon or it's more dilution to possibly fund another new "opportunity".
Who knows, lots of smoke and mirrors here but the bottom line is that the sp will either spike up or down, which, I don't know but there's obviously more scope for an upward spike at these levels than there is for a downward.
I think in the short term, Red Rock buying NAMA's stake in the project is more likely than a major buying it quite frankly. It could be a relatively straight process and no money needs to change hands. Red Rock simply give NAMA shares to hold or sell down at their leisure. NAMA could even just opt to sell 10% of the project to Red Rock by the issuance of shares, which would give them a route to much needed funds.
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