Perhaps someone in Vele Capital wanted a number of shares in return for being able to facilitate a smooth sale? They would never have been able to purchase them on the open market as the free float had pretty much dried up at 29p
Veles Capital is one of the oldest Russian privately held investment companies providing financial services and access to Russian financial markets, private equity and real estate investing to corporate and high net worth individual investors.
This is the very interesting part for me, highlighting again rhodium, is it intentional to place the commodoties in that order? ' palladium, platinum, rhodium, iridium and gold producing company'.
What Information are Mr and Mrs Spencer aware of regarding MNRG? That is a substantial shareholding by private individuals, follow the money possibly.....
Right decision in my view, they have obviously done their due diligence and ascertained that the returns would not be as originally projected. Plenty more deals to be done and am happy to hold for a few years as have faith in the management team.
RE: 11 am update - highlighting accumulation10 Dec 2020 11:11
Just like to say a word of Thanks to Tillywhiz and Mac for the ongoing trading updates which have given confidence in my investment decisions while navigating these turbulent waters.
RE: Exploration manager says Billions $$24 Nov 2020 11:45
Mac, do you think that the MM's have already accumulated a lot of the shares destined for the tracker funds as accumulation has been going on for a while in the background possibly?
It's a war of attrition 'a prolonged period of conflict during which each side seeks to gradually wear down the other by a series of small-scale actions.' Some like Matt being forced to sell while the whales feast on the plankton (my attempt at a nautical theme).
RE: When the Sale RNS finally arrives, where might you invest next?20 Nov 2020 10:31
While we are waiting and just as an aside, I am also in EML, HZM, and MNRG. I'm hoping for a 5 -10 bagger for at least one of these over the next few years