GREY:WFEMF - Post by User
Comment by
kilgoron Jul 29, 2015 12:37pm
168 Views
Post# 23972153
RE:One Million shares
RE:One Million shares
The bulk of the buying is from Instinet Canada Ltd, which is the trading arm of the Normura Group, a Japanese Financial Holding company. The Normura Group represents very 1500 large clients, which includes hedge funds, insurance companies, mutual funds, pensions, etc.
The fact that they are buying is very interesting indeed. I don't think they are buying on behalf of Almonty. I think they know what is at stake, and Almonty as a major player will have major influence on setting tungsten price in the future. This will most likely affect Normura's interests.
In addition, I don't think Instinet would be buying if they though the merger would go through or the IMC deal is dead. Why would they want to loose their money. They know something the rest of us do not.