Hmmmm is RBC the main Seller?I have been doing quite a bit of digging with TriAusMin Ltd and I have located an article on RBC's holdings in TRO:ASX (TOR:TSX). You can see that TriAusMin Ltd has sold off a big chunk of its shares over the last month and a bit. See article below.
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Article: Below
RBC Global sells 1.5m TriAusMin shares
(News Bites - Australian Stock Exchange) 14/01/2011
January 14, 2011 Friday
RBC Global Asset Management Inc sold 1,474,500 TriAusMin Ltd shares from November 19, 2010 to January 12, 2011, decreasing from 10,000,000 shares (7.22%) to 8,525,500 shares (6.15%).
STOCK DASHBOARD: January 14, 2011
Triausmin
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Now the question I would love answered is how many shares do they have left. We have seen some decent volume over the last month so it is possible that RBC has sold a couple more million since this report. That might even be on the conservative side. So we will probably have to go thru at least another 6.5 million shares before they are out of here.
Again I am being conservative. It is possible that RBC has sold more than my estimate. Monday will be interesting in Australia given our runup on Friday.
Cheers