Folks, unless there is an indicaton to the contrary, close to 5 million shares in Mellon trst will be sold on the TSX.

Whay does this make sense?

From the perspective of the owner, meaning , IMHO, the majority shareholder, if things go south, some millions will be earned.

It is a hedge.

Personally, my take is all is good. But, were I the majority shareholder, I would balance getting cash now, risk-free. Should the price point escalate, the "loss" based on "premature" selling is the insrurance policy, and downside.

Better to have something is pocket than nothing, (or a lot less).

It is calculated, it is self-interested... and it is logical risk management for the majority shareholder.

This wil not stop.

About 4.5 million shares will methodically and consistently be sold on an ongoing basis.

This seems to be a long term strategy, IMHO, of the majority shareholder of PYR.

Makes sense to me.  

If things go up, he wins. This stuff won't matter.

If things go south, he has been mitigating his loss while he can.