I was totally objective, companies panic just like retail investors do and hedge funds, they are people. I also note that they can be coerced, cajoled, and scared by market events and developments and shareholders of significant size, such is the resource sector and investment banking business. In the case of AUM they didn't need the money immediately to carry out their stated strategy but they would have needed funds sometime in the next year and maybe Sentient wouldn't have been there.

I would be surprised if they lost Sprott as he will see this as a big positive having more Sentient money in the pool with a 19.9% interest. He probably bought originally partly as a result of AUM having a large shareholder like Sentient, this is how funds/institutions think. This move may well attract more capital from institutions and some selling from the retail sector such is the difference in how they think and view things.