RE: The Family Silver3 Oct 2025 11:48
EI and Pricey
The selling of the Blackstone shares is for one thing and one thing only, to finance Hope & Gorob. If you re-read previous RNS's it states that if any shares are sold then 75% of the proceeds will be used for the H & G project. Therefore the large sale this week is a pre cursor in my strong opinion of imminent news on that score, hence the continued increase in our sp.
I don't think news has leaked otherwise we would see a 50% plus uplift and volume would be huge, what I do believe is the markets are finally taking note of this project and the fact that we now have some finance in the bank to match some external finance is huge. I suspect we may sell the remainder of the stock imminently although I don't know if these sales are dragging down the Blackstone share price at the minute. We obviously need to achieve top dollar when selling and not sell on the cheap.
Mr T