Its not the usual trend for YA. for all we know, there may be some sort of contract clause preventing YA from off loading volume by our Bod. But that's just a guess. Looking forward to News dropping, which as we know could come at any time. Come on ECR show us that flashing Red Dot :)
Totally agree on volume any improvement will see price ticking up smartly especially with all the news due as you point out.
YA have never issued any Holdings RNS's, the only ones you will find are on 1st and 10th of May '13 issued by the company, also at the annual report date 21st feb 14 YA were not listed as a major shareholder so they definitely did not keep those 135M shares very long.
I don't believe YA have to issue any holdings RNS as they have no intention of holding, they simply take the shares as collateral against the loan and launder ( forgive the expression) them through at a "small" percentage. That's their standard MO (I am happy they can't short here also)
Totally agree about the warrants though they are the cream of the deal for them, they will hold them until much higher than the 0.3p strike price, and also why we can expect that price to be in the rear view mirror soon
Today's interest for me is that the selling appear to have stopped and the price is ticking up - change of pattern so v interesting
14m sold since the 2nd = the 1% to 3% for CNR to release a holding RNS, that should be done today but let's say Monday however if we see another after hours sell its as you say YA but weighted sells as per their agreement within the $10m loan.
I can't be bothered to work it out as much I love ECR as the weighted sells does add up IMHO
6 days to drilling at Itogon
9 days late for SLM
38 days for Thailand news to arrive
MAC - don't have enough months ahead on my 100 year diary !
LG it is definitely YA selling in my opinion as CNR sales did not go through the book there was just not enough volume for it to have gone through without affecting the price which it didn't., so it must have been a pre agreed transfer off the book. The other interesting thing is that the price is ticking up inside the spread if YA were still selling (even behind the scenes) this would not be happening. was the 100 share trade yesterday pm the signal that they have finished selling, at least for now? Price is definitely on the move here GLA
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