Quote Originally Posted by ari View Post
Old news, but I would be certainly happy with this.....nothing like a bit of ramping, Christ it needs it! http://www.nzherald.co.nz/business/n...ectid=11185247
Another blast from the past to understand sp action :

10 Feb 2014 :

"International investor, Libra Fund II (Luxembourg) ("Libra"), has agreed to subscribe for 29.3 million new ordinary Rubicon shares, which will rank paripassu with Rubicon's existing issued shares. The issue price will be NZ41.29cents per share, which is the volume weighted average Rubicon share price over the last 10 trading days on the NZX."

Would assess that Libra put money into RBC (to fund Aborgen) on expectations that Aborgen IPO would give a huge boost to RBC's sp. When the IPO did not happen, they decided to start selling.

As at 14 Aug 2015, Libra had sold down to below 5% (20.44m shares) and presumably, continued to sell until they either have finished or have decided to stop selling.

Looking at volume of stock sold over the last 2 years - looks to me like they have finished selling.

Blue skies ahead?