posted on
Sep 10, 2013 04:43PM
Pash: this afternoon, mcquarie, a approximate 8% holder of prb shares was sold to Richardson GMP one of the last remaining large independent canadian brokers due to (IMO) a need to maintain required capitalization requirements. Hence the dumping of prb shares to rbc yesterday and today. This dumping despite mcquarries' excellent analyst buy recommendation. Maybe Dave is positioning prb to raise money to buy the mcquarie prb holdings from Richarson GMP?
Peter