RE:RE:Scotia Capital brokerSorry but Rory is nowhere near done (he recently had 10M shares on the offer as an iceberg) but for sure that position is being chipped away as UBS has sold 4M over the past 3 months and anonymous (assuming that's also him) has seen 1.6M sold over the period. Over the past 30 days, those two houses have sold 2.4M shares.
The first news will be RSM-related (steady state production rate achievement, partnership to pay off debt). I don't know anymore than any of you when those two milestones might be achieved, but they will. Until then, let's hope that silver prices continue to firm and that production continues to improve. When these milestones are achieved deeper-pocketed buyers will be able to take out the remaining shares on the offer as an iceberg but these announcements won't happen over night. I see RSM production target achieved and announced within the next 6 weeks and a partnership over the next 3 months.