Well that makes it almost 40M shares traded in the big blocks in the last couple of weeks. I think fair to assume that these have come from the same seller.
Looking at the annual report from March last year there were four holders with more than 40M shares.
It isn’t Goldfields. Van Eck hold within the INIVX fund and as of December 31 still held GOR as a core position (very overweight in the fund). I don’t think they would be a seller and we also didn’t see a change in substantial holder notice after last week’s sale. We also didn’t see a notice from Sun Valley.
https://www.vaneck.com/globalassets...ary/assets/all-holdings/gold-all-holdings.pdf
That leaves Mason Hill. They went below 5% holding in August 2018 and held ~44M then. I think very likely they are the seller here.
M&A Probability, page-32
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Last
$1.74 |
Change
0.035(2.05%) |
Mkt cap ! $1.787B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.79 | $1.71 | $13.27M | 7.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 89155 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 86504 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |