Back in May we noted how US Global, the Frank Holmes investment (term used loosely) fund, had dropped its holding of Serafino’s expensive hobby Gran Colombia Gold from 12% of total shares out to 10%. All quiet like, because we wouldn’t want anyone to know*. According to today’s news that’s now down to 9.25%. This from SEDAR tonight:
That means he’s dumped another 145,000 shares approx. Those were worth around three quarters of a million dollars when he bought them. If he got more than $40,000 in the disposal he was lucky.
*Which is why IKN exists, of course. Hi Fino!