Unlikely sav are selling, they may well have offloaded a few in recent months, but the arrangements on how they acquired their shareholding, and what they actually paid, if anything, is not clear. They certainly acquired some shares @1.25 when the actual price was around half that, at least that's what the transaction value was recorded at. Most of this goes back to the fact the same person had been in charge of sav and Alo, indeed mark jones also used to be in charge at sav.
SAV effectively wrote off the value of their ALO holding in their 2014 accounts. If something should come of it in the future, so be it and great, but it struck me as a reasonable move to take the hit at the time so it could be discarded and not be an issue for SAV in their own plans.
Having bought at .91p before it shot up to about 2.3, followed by it subsequent placing and tumble and tumble and tumble, I realised that things that had already dropped by 90+% could still drop another 95+%. I had followed the money, as I do believe that their are good assets at Kossanto. At least the JV should stem the constant dilution (albeit at a2/3rds cost now and allow the resource to be advanced. Whether that will then produce a 100+ bagger is a other question. Unlike awarded share options at much lower prices, I would have to make a positive decision to invest hard earned. Mmmmmmmm.
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