RE:RE:RE:Disposition of Precipitate, Read as Good NewsHi, RockFinder,
That's my understanding, too (SMD's thoughts re PRG)... Yes, they trimmed a bit of their PRG position--after all, their average cost (I think) is C$0.12.
Plus, another thing trimming their position accomplished: it gets them under the dreaded 20% ownership level, at which point the regulatory burden is MUCH greater than under 20%. For example, they had to make a regulatory filing in advance, SAYING they were going to sell some of their position. Now that they're under 20% (PRG), they don't need alert the market in advance what they're going to do.
GLTA, F1