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Dont blame Marrone, it may be a case of panic selling by Marrone! Im quite sure he will buy back again when some semblance of normality returns to the markets.He may be a very good CEO for taking Auy where it is now but a real lousy trader.
HE is no lousy trader, crafty notlousy. He has made millions $Sold so far this yr over 2.34 million shares, has 1.5 M in reserve.
Maybe he sold his shares to diversify, after all some other shares have fallen alot harder than AUY. Like some of the juniors.
Think of it this way. Although AUY has fallen 50% from its highs but some of the juniors have fall 90%. Thats alot more stock he can buy with his AUY. If I had some balls I would sell some of my AUY and buy up some more of those junior stocks. By the way anyone buying any juniors now?