Potential culprits.28 Sep 2021 11:28
We know, well at least strongly suspect, Marlborough Nano Cap Growth P Acc sold out in July, this can be guessed by that huge trade of 1,661,167, you will be able to see that that Nano cap growth fund had a holding ending in 661,167. But during that time period there were plenty of huge trades seemingly big holder to big holder. Way more than the Nano cap growth fund's net holding.
What if there bigger brother the Micro cap fund has also been selling, the link below shows that they have sold 250k as of the end of June. While it is possible that they have only sold that relatively small amount, it could have been an indicator that they have been selling more because the link below is always a few months behind... Added to this is that we have yet to see a TR-1, while there are two funds on the link below they are ultimately owned by Canaccord Genuity, they clearly sold some, but we have yet to see a TR-1, has this not been released because they have been continually selling?
On Friday we had a volume of over 2 Million, we were up 10%, but we also quite clearly had something like 750k - 1 million sold. There are very few holders with the ammunition to do this. It has to have been someone with a major holding.
I also wonder who has been buying, we had all those very chunky trades in July that were not just PI's buying. We also had huge buying on Friday, possibly another insto coming on board just waiting for the price to bottom out.
I still cannot rack my head around why anyone would be selling now.
But I remember thinking the same thing last year. Both of these funds were in greatland gold last year, they sold at about 10p, this is despite it being blindly obvious that GGP was going to be included in the GDXJ, where the fund (GDXJ) had to buy huge quantities of stock a couple of weeks later, during which they could have sold their entire holding in one trade at a significantly higher price (~25p). My point being they are perhaps not a sophisticated as they seem to be.
https://www.morningstar.com/stocks/xlon/lnd/ownership
There is the link, its out of date so its looking into the past. For example its highly likely that the Nano cap sold in July, but they are still on there as its only updated to July
Of course, it is all speculation until proven otherwise and it does not mean they are selling the entire holding etc..
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