It takes a stretch of imagination to call Norilsk an 'insider pulling out'. Based in Russia, it seems to me that geo political considerations and focus on core business model would seem to be the primary motivation to them.
But then, maybe the Russkies are real genious. After all, they sold off all their palladium at 'fire sale' prices far too low, at the very time the metal was poised for a decade long shortage and increase in price. Selling for $280 today so you can't get $720 tomorrow, is brilliant on their part now isn't it, and shows their incredible foresight.
Knowing some of the folks at SWC, and having talked with them over the years (and this week following the news), it is safe to say their view of the Norilsk departure is "goodbye and good riddance." Their presence was the very reason SWC was unable to begin the dealmaking and value growing that this week has shown us.
Great post, haha! I never thought of their "genius" move in those terms before. But, although painful for longs during that time period, right now I am glad they did take that approach of selling at $280 so that they don't have it to sell today!