Corporate investor leave and consequenceI noticed, comparing presentation from Frebruary 2019 to April 2019 that 'Earth Resource Investments' (2.8% holder in February) is a no more an institutional shareholder.
As the percentage of institutional shareholders goes from 28% to 25% during this period it means that the sell was done on the market (and not to another instit).
So if i am not wrong they sold 6.4 millions shares during this period, with means that they made 70% of the total volume (9.5 millions February to March approximative) on the sell side.
This is huge and could explain the sell pressure during a period where the gold was relatively flat.
What is a concern for me is that no other institutional was willing to enter the capital...
What do you think ?