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Berry Street confirmed their total support, any idea how much they control?
As an aside, I better not sell any of my BRWM for fear of crashing the Solg SP.
;)
*remuneration, before any of you pedants jump on me
Hi all.... how convinced are we that Blackrock are selling and not just being diluted below 5%? I hold a chunk of BRWM, and the holding there seems pretty consistent. I posted the link yesterday.
You can already see Norges voting on their website.
https://www.nbim.no/en/the-fund/responsible-investment/our-voting-records/meeting?m=1692874
Against renumeration report, against James Clare, against Dan Vujcic.
For everything else.
Quady, with the utmost respect - do we really have to go through the inquest every time you disagree or get into squabbles with other posters.
Asking for others to prove and detail who said what and what the meaning is etc etc …..it’s a little boring if I’m honest
Also I’ve noted it does crop up quite regularly in between any other more interesting posts - it’s sort of an unwanted distraction ……..which I’ve probably added too now……maybe played directly into the trap
Wait a minute Quady.
One minute you're saying that BlackRock aren't selling SOLG shares - it's their clients selling the funds and now you're saying Blackrock are "changing the mix".
The fact is that 30m shares is over 1% of SOLG. It's about 20% of their total holding. This isn't insignificant and it isn't due to routine investor redemptions.
You have been completely caught out on this matter and all you've done this afternoon is tried to pivot and squirm and frankly, putting all your posts together, you have made zero sense.
I'm not contesting the point that 30m isn't significant for BlackRock,bit that wasn't the argument. It's your latest attempt to try and save some face. The fact remains that it is significant for us given you are forever at pains to point out "low volumes of less than 10m" as if that has any significance.
I won't filter you because you'll continue with your misinformation just like you were giving VRS a sweet talking on these boards over the last few weeks. How about you practice what you preach and filter everyone who you argue with instead?
You're losing all your allies Quady. I've given you much more credit than many other board members have, but my remaining respect is gone.
Learn to admit when you're wrong instead of trying to shape shift, as you are on the production vs JV argument. People see right through it and it does you no favours.
Q you admit Bozi has his head screwed on and is a decent poster “Bozi is one of the good posters on here” ( posted by you within the last couple of hours)
A few minutes later “Bozi your ridiculous” (spelling as expected)
You are a laughing stock and have no clue what’s going on here …. The sad thing I’d you’re the only one who can’t see it.
You said Bozi agreed with you… he didn’t
Stop lying
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.
If Jiangxi are gonna make a move in the new year it would make sense for them to be accumulating here - gives them additional cheap shares and extra votes
Although I guess one could state a similliar argument for Newcrest/BHP to be buying more to get additional votes
Blackrocks reduction was what % ?
There was that strange 40m (accross x two trades a few weeks back as well)
Quite frankly it’s too hard to judge and too many moving parts
Can’t see Bob and the board sitting back and not doing anything if we do lose though - it could well be that a loss could cause an immediate reaction from Jiangxi - they could bid on both SOLG & CGP at the same time / even offer to compensate CGP at a level to not have them disadvantaged by the merger not yet having been finalised. …..or am I wide of the mark here ?
The vote is very important - but should we lose is it really the end of the road and an instant 50% decimation of the share price ? Hope not
Don’t want to get slaughtered just before Chrimbo
Ho Ho Ho
DG
Agreed … there will be plenty of others sitting under the 3% threshold too ( Valuestone etc) be interesting to see who’s soaked up the Blackrock shares as well
But we need this AGM put to bed
Why so you can misdirect others without being pulled up ?
Bozi I am afraid it is you that hasn't got a clue on this .
If an ETF or fund changes it's percentage mix then 30 million is easily accounted for.
For example if 1% of the fund is Solgold and the fund changes so Solgold is not in it anymore, then all the shares in that fund are sold.
Usually wound down over a time period so that the shock is not too much.
You're absolutely ridiculous, you know exactly what I am getting at.
Please feel free to join the likes of Redknight and filter me.
Anybody had a tot up of the numbers >Fors = 30% (friendlies I can ascertain from the recently updated significant holders list)
Against = 32% (worst case of Norges / Blackrock go against)Typical turn out 70% (but we may get 80% as it’s important)
So of the 8% (remaining from the 62% I’ve totalled above) - if 25% (of the 8%) vote against and 75% vote
We get
36% for
34% against
If 33% of the 8% vote against and 67% vote for
We get 35.5% for
34.3 % against
But I think it’ll be more like 80% vote - 18% over the 62% we can have a good stab at
Let’s say 40% vote against and 60% for (I actually think we get a higher % voting for - but obviously that’s just a guess)
We’d be at 41% for
39.2% Against
Quite frankly if Norges/Blackrock go against us - it’ll be down to the unknowns and will most vote for the board
- I’d like to think yes - but welcome other opinions It’s gonna be tight indeed but think we will win it.
/>Please check my math as this is just back of a *** pack calcs
Also don’t know if any of the big holders have dark pools of holdings under different institute names they can call on for support
Lot of negativity here today but I’m staying positive - and even if we lose I’m not sure that Maxit and the team won’t have a plan B in place to move quickly on to counter any move the unfriendlies may make
Maybe I am Quady.
But your posts show a complete mis-understanding of the relationship between SOLG and Blackrock.
Alterations to the funds, ETFs etc holding SOLG on account of client redemptions will not see 30m SOLG shares sold in a fairly short timeframe.
Some ETFs will naturally be rebalanced based on specific parameters but we can see given how the cumulative BlackRock holding remained fairly steady between 4.5-5% over a significant period of time that current circumstances are far removed from what we have seen before.
This isn't just routine ETF rebalances.
The way I see it you either own SOLG shares or/and you own a percentage of a fund that owns SOLG shares.
You certainly don't own SOLG shares that are in the fund, the fund does and it a TR1 isn't relevant in that case.
If a TR1 shows a company have less shares that's because that company has sold their shares not because a third party has theirs within a fund "wrapper".
It's a very small part of something much bigger anyway, something that it's patently obvious none here have privvy too, including me.
No animosity intented to anyone, just my take.
All the best
Jezzoo
*you're
Bozi your ridiculous.
Ortherncopper,
I've been here on and off for 10 years.......
Solgold has always been good to me as a fairly novice trader. The share always bounces at 24p upwards to 30p then either back to 24p or upwards to 40p roughly over the past 5-10 years.
I haven't seen it like this before when it goes below 24p and contontinues to fall , hence why i bought another 20k at 18.6p
I'm tempted to go big at sub 15p ,but i don't think it will happen . we shall see.
Quady - I have reported your post for misinformation.
Josepi, I’d think even if all resolutions go through positively, you will still have plenty of time to top up sub 20p.
Many have made repeated claims of topping up at these low levels…. At mid 20s, again at low 20s, claimed to be happy to top up in the high teens etc… all those purchases are now underwater… some significantly… I don’t think you will need to rush.. but I’d like to be wrong.
Zzzzzz here we go again
Bozi …. We don’t agree about everything here and we maybe never will …. Just can’t stand blatant attempts to twist things and he does it constantly.
I’m happy to say that if this doesn’t get sold or if there’s a JV I will have been proven completely wrong …. End of
What are you on about DBW BlackRock is not selling Solgold shares.
It's the funds that contain Solgold shares that are been altered or moved or sold.
BlackRock does not hold Solgold shares in their own right and manipulate the market as some have suggested.
I really don't think I could have put it any clearer.