Tungsten West (TUN): Henry Maxey selling down

This situation live

TUN Tungsten West

£621m · 34.0p · −18% since the first step

16 Mar 2026 · 12.5% · +41% until the next step Henry Maxey: 12.5% (from 10.83%)

13 Apr 2026 · 11.3% · −23% until the next step Henry Maxey: 11.3% (from 12.5%)

23 Jun 2026 · 10.06% · +5% until the next step Henry Maxey: 10.06% (from 11.3%)

9 Jul 2026 · 9.95% · +44% until the next step Henry Maxey: 9.95% (from 10.06%)

26 Aug 2026 · 8.35% · +2% until the next step Henry Maxey: 8.35% (from 9.95%)

27 Aug 2026 · 7.73% · −28% until the next step Henry Maxey: 7.73% (from 8.35%)

19 Oct 2026 · 12.5% → 6.28% in 6 notices · −7% since Henry Maxey: 6.28% (from 7.73%)

Overhang

Henry Maxey selling down

12.5% → 6.28% in 6 notices

HolderHenry Maxey

Stake12.5% → 6.28%

Sold6.22 points in 6 notices over 189 days

As of 19 Oct 2026 ↗

Since Oct 2023: 177 situations of this kind – holder sold out 61%, selling stopped 39%; median share price -10% six months after they opened

Next: 6.28% still held

Every step · 7

16 Mar 2026 12.5% – Henry Maxey: 12.5% (from 10.83%) ↗
13 Apr 2026 11.3% – Henry Maxey: 11.3% (from 12.5%) ↗
23 Jun 2026 10.06% – Henry Maxey: 10.06% (from 11.3%) ↗
9 Jul 2026 9.95% – Henry Maxey: 9.95% (from 10.06%) ↗
26 Aug 2026 8.35% – Henry Maxey: 8.35% (from 9.95%) ↗
27 Aug 2026 7.73% – Henry Maxey: 7.73% (from 8.35%) ↗
19 Oct 2026 12.5% → 6.28% in 6 notices – Henry Maxey: 6.28% (from 7.73%) ↗

What is happening

Tungsten West: Henry Maxey selling down – 12.5% → 6.28% in 6 notices. ['12.5% → 6.28% in 6 notices']

What comes next

6.28% still held.

From the company's own announcements. Not investment advice.

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Also at Tungsten West 6 open

Project milestonesHemerdon Project Financing – Production under way; offtake signed Transformational contract / build-outElmet tungsten offtake agreement – Binding eight-year agreement signed Dilutive fundraiseEquity fundraise and general meeting – Bookbuild done, 2.5x oversubscribed; GM pending Capital returnConvertible note conversion and B-Shares – Conversion approved; B Shares issued Balance-sheet stress / refinancingBridge loan and funding dependence – Repayment planned from Fundraise proceeds Tungsten West – company page →