Post by
Pete1986 on Dec 15, 2022 2:23pm
Now we know what happened...
Huge insider sell, Carmen sold 10 mio shares in the public market. I just wonder who it was possible to sell such a big position even though "official" valume was only about 1 million shares.
Moreover the question is, why is Carmen selling. Does she see no further value? And who bought all those shares. It seems like the Lundins bought 900k shares, but who bought the rest of it?
After Newcrest sold, Carmen is the second bigger insider who sold.
Comment by
Pete1986 on Dec 16, 2022 11:12am
Yep, talked to some analyst and was told that CD Capital Natural Resources Fund II is closed. So she was more or less forced to sell. However, question is who the heck bought all of those shares. And how bought all those shares from Newcrest, since they sold as well.
Comment by
Pete1986 on Dec 16, 2022 12:17pm
Most likely some funds bought those 9.7m shares. But again, who bought those 75m shares from Newcrest?