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19:59
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Originally posted by nordesmic
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I wouldn't overthink it. Macquarie have sold their shares. Their motivation for doing this may be that they have some sort of special information that would lead them to question the value of the company. This is unlikely in my opinion. More likely is that they don't want to hold a $15M position in an illiquid junior gold company. They got most of these shares in WAF via predatory financing at the bottom of the gold market (getting cheap options). They never wanted to be a long term holder in a developing gold story. It was a bet that paid off and now they cash out and move on to the next one.
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Good level headed opinion in that post nordesmic.
