RE: SP6 Jul 2021 14:36
Absolutely nothing to do with the demerger or unrest in Chad.
Look at the trades. Decent buying followed by large sells. Not PI's selling for profit as Vinnie suggested in the interview with Zak Mirs but the II's he placed with back in April taking their 10% profit. That's what these II's do, they never keep hold of them for potential larger profits in the future, they are happy just to get a 10% profit. That's how they make money and easy money it is too.
Vinnie has been around long enough to know this but didn't want to admit it in the interview. Was that placing needed, if so why not stop them selling for a year? The sp should be in the 30's, maybe 40's on the Piedmont deal but 45m shares are a lot to shift. Momentum lost, let's hope the sp still rerates when the placing shares have finally gone.