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8/10/15

Frank Holmes continues to sell his Gran Colombia Gold (GCM.to) trainwreck holding. Quietly

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!