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Exactly DBW take the mickey out the fact I have mild dyslexia, about sums you up as a supporter of Slug.
Lol I’ll do you a deal
I learn to read you learn to spell …. How bout that numpty ?
"I've already said Bozi you're a good poster"...
You've actually said:
"Bozi your ridiculous."
DBW I don't know what to say to you apart from learn to read.
The funds and ETF's managed by BlackRock hold the shares.
Not Black Rock the company.
OK Redknight I will answer you next.
I have been investing since I was 19, I am now 61.
I never plan an outcome date.
Learnt that early on.
I derive my income from dividend holding shares.
Solgold is just a flutter.
I am up as I averaged at 4.6 pence for my holding.
I have another flutter on the go VRS, I am averaged at 19.2 pence so down on that, but adding to my position.
I am quite happy to take a ten or twenty year view at my age as I know that things change.
On the dividend side, I take an immediate view.
So horses for courses.
I have more than enough for my needs, which are not great and allow me the odd extravagance, like a new car or holiday etc.
But when I die it will be my daughters and various local charities that benefit, so probably different mindset to most on here.
Next you state BlackRock fund managers are selling shares in the funds.
Yes that is exactly what I have said, it's the changing percentages held in the funds or ETF's or indeed the fund is divesting itself of Solgold shares.
You are stating exactly what I have said.
Black Rock do not hold Solgold shares in their own right, that is my point.
Click on my name, and read my posts.
Red …. The most amazing thing revealed to me was …. Although Blackrock hold 30/40m million shares less than they did ….. they haven’t sold a single share ?
One could argue they’ve lent a few out but really?
Surely Q is only here to mislead ….. alternatively he’s as mad as a box of frogs…. Take your pick
"DBW if you think I have said anything wrong, please state what it is, rather then the usual snide remarks people have come to expect from you."
DBW is the one of the straightest, most helpful and sensible posters on here...
Unlike you, who constnatly create your own reality so that you are never wrong...even when you are...and its staring you in the face...
incredible..
So Quady...
Please correct me if I get this wrong...
You suggested "reasons for selling Solgold shares could be.
1=) The fund no longer has Solgold as part of it's mix.
2=) Client's are swapping funds and switching out of a fund that contains Solgold into one that doesn't.
3=) Clients are exiting funds that contain Solgold and taking the money."
Which just goes to show you don't understand fund management either...
And by the way "Blackrock are the largest providers of ETFs worldwide" and "US$10 trillion in assets under management as of January 2022"
1 Blackrock still has Solgold as part of its mix, although the holdings are smaller
2 Do you really think Blackrock clients choose a fund that invests in Solgold? Why not just buy Solgold shares...or even ETFs?
3 As above. Clients don'y invest in Blackrock funds just because they contain Solgold
Addicknt that's my point you are making it for me.
The fund managers decide the mix of the fund.
Percentages are changed and sometimes shares are added or they are removed from the fund.
That is exactly what I am saying.
No one in Black Rock is selling shares in a fund or ETF to manipulate the price of Solgold.
That is just ridiculous.
Have to be honest I was getting a bit depressed listening to quady I'm 62 on the 22nd of December and thought I might have to be seventy before I made any money but hey ho life goes on!
I want to retire next year so comon solgold get it sold for £1:32 lol!!:)
"Although we have had some volume over the past days, this is nothing unusual as we should be having this kind of volume everyday, day in and day out."
"This is nothing unusual as we should be having this kind of volume everyday, day in and day out."
Whaaat?
The average volume for the last 32 trading days has been c9 million shares...
The long run average volume before that was c3 million shares...
We haven't had consistent volumes like this for 6 weeks since April 2021...
And heres the 'next cab off the rank' Quady...
So you've had "40 years of investing" which probably makes you 60/70...
How long do you plan to live...?
because I'm deeply worried that the beneficiaries under your will are going to reap the rewards of your patient investing...IF they decide to keep their Solgold shares when they've fallen to a copper or two while the world waits for a dividend.
You're a clever man so you can do the maths...
According to the COMPANY (your tried and trusted source), Construction doesn't start until Q4 2024...
And Production doesn't start until Q3 2029.
That means the first Net Positive Cashflows don't arrive before 2036...
And if they don't pay a dividend until the followingh year, you might well be 85 by then...
Can you wait that long?
Well I suppose you've waited 40 years so far, so another 15 years here or there is a mere bagatelle...
Or you could take 100p plus soon when the takeover battle concludes.
No doubt you'll then tell us thats what you were planning for all along...?
RK … exactly and put far more eloquently that I could have managed …. Yet you might discover shortly that he/she (whatever) is still right lol
So Quady lets deconstruct this:
"the only way this can go is we get to production."
So what is the point of a Strategic Review?"
And why are Mather and Irwin saying Solgold will be sold...
And if BHP/NCM are out ("they can go screw themselves") who will we J/V with?
"Because if that's not possible, then no one will bid for us"
So if, as you're saying ""the only way this can go is we get to production." then somebody can bid for us...
Then you say
"until we get heavily diluted in which case we get a cheap bid."
The only way we can get to production is by getting heavily diluted...so in that case you accept that "we get a cheap bid."
So is that what you really want...take Cascabel to production, get heavily diluted and get a cheap bid...
So in that case why wouldn't you want an 'expensive bid' now...?
"We are now attractive and...no one will bid for us..."
What do you mean by "we are now attractive"?
If we're attractive, surely that means somebody might very well want to "bid for us"
All the best and more to come...
Q, have you ever held shares in a fund? If so, were you able to buy and sell individual shares within that fund?
The whole point of a fund is that you hand over all responsibility to the fund managers.
Quady …. Is you tactic to literally say you were correct whatever the outcome…. ?
You wrote earlier today
“We will be taking this to production “
I assume any other outcome and you’ll be the first to apologise?
I’ve been saying for a long time this will be sold, but I guarantee I’ll be the first to hold my hands up if we go to production.
Hallo Quady...its the ghost of Christmas past...just logged in to see if you've come to your senses yet...
And no...first post I see shows you understand absolutely nothing:
"That's my point Bozi, BlackRock are not selling shares. The shares being sold belong to funds and ETF's. So it's their clients shares in Solgold that are being sold. I repeat BlackRock are not selling Solgold shares.
That statement is factual."
Whaaaatttt??!!!
Blackrock is the biggest FUND MANAGER in the world...not broker...
"Clients" invest in their funds...they have very many different funds, with different foci...
When reporting major holdings they consolidate all the holdings in thne individual funds.
Blackrock have been selling. That means BLACKROCK FUND MANAGERS have been selling Solgold shares.
Their clients don't buy individual shares in companies, they invest a stake in an individual Blackrock fund that may ior may not buy/hold Solgold shares.
BlackRock Fund Managers have been selling Solgold shares.
That statement is factual.
Get it?
Orthern
Nice like giving birth to a baby otter
Quady - it's a shame you've pivoted to this view. You'd have been best off just saying nothing further.
Any investor holding a fund or ETF doesn't hold the shares in the underlying companies. They hold shares in the fund, operated by the service provider, in this case BlackRock.
So, BlackRock's fund manager(s) buy and sell whatever they buy and sell. The shares never belong to the holders of the fund unless the fund manager makes an in-specie distribution, which doesn't appear to have happened here.
Hopefully you won't now be able to wriggle again and your position can be pinned down and debunked.
Simple question. And who manages the fund and does the selling?
I’m thinking of making some cheese on toast before I go for a slow poo.
Quady - wow.
Wow wow wow wow wow wow wow.
That's my point Bozi, BlackRock are not selling shares.
The shares being sold belong to funds and ETF's.
So it's their clients shares in Solgold that are being sold.
I repeat BlackRock are not selling Solgold shares.
That statement is factual.