The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
Sharketmare,
I missed that then ... good to hear.
I just hope we don't get shafted next week
Thanks for saying that DBW.
I'm actually in shock at Quady's 'attempted pivot' here, particularly given what he is on record saying and what is happening. Staggering.
Nick wants to cash in on Cascabel and rinse and repeat across the portfolio. He said as much in one of the recent DGR releases.
Quady
This is exactly what you said
“it's not BlackRock selling shares”
Bozi did not agree with you ….. what is wrong with you?
P.s. i know nick is no longer running things ,but it would be good to see him influence others to get one up on Bhp and the like
Don't normally post at weekends ,but with the high stakes next week and current shenanigans of majors......
It would be good to get some proper direction on where this company is going and for longterm ,suffering, loyal shareholders to get something out of this mess.
I'm in two minds to add now even although i have just sold one of my properties and have cash in the bank ready to go....i thought 24p was the bottom here followed by historical bounces back to 31p then on to close to 40p solgold has repeated this formation over the last few years.
I think a lot long-termers here are right its time to pack up and move on .....i think even nick would agree it's time to give this one up and retire gracefully. I would just love if nick has something up his sleeve and throws the final spanner in the works to get him and us over the finish line .
good luck all
DBW that is exactly what I have said, all I did was expand on why.
Bozi is one of the good posters on here, even though we disagree on the final outcome.
But Bozi has said exactly what I have said.
All I did was put it in simple terms.
Q the only way Blackrock hold (30m & counting) less shares than they did is because they have sold those shares …. They don’t simply give them away and no one would be selling them without their say so, stop being so obtuse
Novice is this reverse psychology of a sort …. Every time you talk it up it drops so let’s trying the other way and see if it works?
Good grief Bozi what's wrong read what I said.
1=) The fund no longer has Solgold as part of the mix is correct. I don't care how you define it.
Also I never said that BlackRock had only ETF's, read my post at 14.23 and 14.48
I mention Funds as well I just kept it generic for simplicity.