Well, I think we may know who won the vote!! For those who don't know, Ned Goodman and Pierre Lasonde were the ones who started up Franco Nevada so the two have been business partners for a long time. Ned Goodman also helps run the Dynamic Focus and Resource fund which I'm showing as holding over a million shares of NOT so when we see Dundee selling today, that shows us that Goodman has just run for the exits. If he is selling his shares at bargain basement prices, I would suspect that it means that Rosseau has lost the vote and that he's moving on to other things.
We may see some extreme volatility these next few days as the remaining fund players liquidate some positions but hopefully this means that all of these players who are discontent will simply move on and stop manipulating the stock. This will also open up a buying opportunity of a life time so if you've got any dry powder and truly believe in this stock like I do, the time is right.
Anyways, we won't know the official results until the AGM but I think this selling this afternoon is a very clear signal that we have a legitimate shot at winning this!!
Keep the Faith
Deeter