RE:RE:RE:RE:RE:New presentation now availibleKeeping means = Exercising. 80% of the top shareholders will be exercising these warrants (buying them) with fresh new money. Not selling any of their existing shares to raise money to buy them.
As I stated earlier I suspected (but was not certain it was Sprott) selling shares to exercise warrants. It would apprear to me that the 5th largest sharehodler Sheriff talked about is the primary one that is doing the majority of the selling right now. This is not uncommon with junior mining companies to go through this down draft when warrants come close to due dates (particualrly this large amount of warrants to are coming due. Combine that with no new money is coming into the junior mining sector and you have a significant pull back).
As I also stated before, this is the time I like to accumulate "value shares" when the market is acting "inefficient" and giving away free money. You just need to have the balls to bend over and pick it up. Not easy for they whimpy whinny sheep type investors that don't have a contrarian bone in their body (thank gawd for them); they watch technicial charts and chase trends all day and fail to understand what fundamental value looks like when it is smacking your right in the face!
Anyway here are the positions of the big 4 shareholders (the 5th Sheriff talked about is not shown in presentation decks) for January and April 2018:
JAN 2018 OUTSTANDING PARTIALLY DILUTED
William and Janet Sheriff 11.49% 13.76%
Eric Sprott 8.50% 13.12%
McEwen Mining Inc. 4.92% 8.68%
Pat DiCapo 3.72% 10.40%
APR 2018
William and Janet Sheriff 11.00% 13.65%
Eric Sprott 7.36% 11.43%
McEwen Mining Inc. 4.25% 7.55%
Pat DiCapo 3.22% 8.07%