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Looking at BlackRocks website, the following appears.
Source: BlackRock Investment Institute, with data from Refinitiv Datastream, IMF, MSCI, December 2023.
Notes: The markets shown are those within the MSCI Developed, Emerging or Frontier indexes. Emerging and developed highlighting is based on MSCI classification. The size of the circles are dynamic and will change based on the metric selected above. Data for gross domestic product (GDP), government debt and population are as at the end of the most recent year end. The share of GDP calculated using purchasing power parity (PPP) is shown by selecting the GDP (PPP) button. Gross government debt is based on IMF data. Market cap (MSCI) shows the market capitalization of the market's MSCI index at month-end.
Now that MSCI have dropped the selling of SOLG, we should see normal service resume.
https://www.blackrock.com/corporate/insights/blackrock-investment-institute/interactive-charts/emerging-market-marker
All IMHO & DYOR
Gl all
You know the hedge fund?
Used to be holder of over 2% stock.
CEO Mentioned on the following video 33minutes 20 seconds in…
https://youtu.be/C0EyNSrj0DU?si=blClfC8FjC_6oolF
Eh?
Black Rock have been selling the stock since last Junes Investor Presentation. Scott mentioned it then, and again in the September interview that a major shareholder was selling, bring the price down to sell up. They held circa 80 Million shares at the last update.
I Wonder if MSCI has been working for BlackRock, coincidence this is the last day they will be dealing with the stock.
They had to bring it down so much to trigger the shares to be available.
Tomorrow we will see if this was the reason for the year long share price destruction.
Interesting times ahead.
Gl all
Good point DBW he’s probably had plenty of experience there, each to their own of course. We are not prejudiced on this forum
Let's not get too excited. When he retired his previous moniker, 1981, it took him no time at all before he reappeared. Still, let's enjoy it whilst it lasts.
Go 7uck yourself Stack. 6ft 11.. yeah right - what a bell3nd. Do one
1984 disagree….. he probably knows more about bottoms than anyone else here …… and will most likely keep a low profile for a while
There won’t be a next time 🤡
Until next time... Bye all 👹
Screw Loose isn’t anywhere near intelligent enough to pull that off. He doesn’t even understand what a bottom is
Or anything else for that matter!! Typical dopey wokey sheep 🐑🐑🐑🐑🐑
Kat2008 - they're already on the board.
It's Stackhigh and his alter-ego B3ast.
Another 10m just gone through
Probably ESG bullocks. They’d rather invest in green energy and unicorns
Just wondering why would a fund drop 40m shares at this price. Do they have an inkling that nothing is happening here otherwise the fund manager will have Hell to pay if a sale comes along at multiples of 7p in the coming months.
Hey Fort, I reckon it may have been the other way round.
So, in ( say ) October 2023, the Fund makes an internal management decision to sell out by end of February.
Leaky. leaky.
'Friends and Associates' of the fund employees ( insiders ) plot to manipulate the price down during the subsequent ( say )
4 months, knowing that they can grab the shares at a depressed price, then if there was more positive sentiment.
Out come the knockers etc. and here we are.
Overhang sold at eventual price. Who knows if they have made a significant difference, but it really cost them nothing but a bit of their time, and they probably also had a laff and felt like Gordon Gekko.
If the price now recovers, and the knocking crew magically disappear, job done, and there's your explanation.
They may even appear on the BB, as if by magic, suddenly in love with the SOLG !!
It’s unlikely any one outfit got 41m, it’s not one block it’s just the way it’s reported
It consists of a discrete set of individual matches at a price that creates the greatest volume
There was some chunks of 2,3,4 and 5 million on bid and ask but the settlement was not one buyer and one seller
Anyone with DMA can take part in the auction
I bought 200k just after 1pm for 5.99 so I've done my bit 😉... let's hope the bottom is in and there's some decent news in the offering from PDAC next week as owning this share has been brutal since late last summer. ATB, C
65.5 million volume today...more than 2% traded!
TR1 incoming next week...MSCI now finished and out...
Who bought them...?
That would make sense... the 2 or 3 days that we had a strong SP performance was when the US markets were closed for holidays and over xmas period. It was pretty clear a while ago that the seller was US based. I did highlight this but couldn't be sure.
Whoever it was, they were out to cause damage. Make no doubt about that. So if the teachers fund involved, we know they were grumpy pre AGM.
The fact is, market participants of institutional level know the damage that can be done with heavy and careless selling. We saw the same by Berry Street a while back.
So in space of short period of time, we've had a decent 150m+ shares sold through in the market by sellers that couldn't give a toffie what price they went at.
Be interesting to know who took the 40m block. That's 1.3%. If doubt it was valuestone or the chinese as seems like they are barred from buying in open market while under NDA's.
Might be Norges. Whoever bagged the 40m block got a steal at low 6's. Insane absolutely insane!
If the mm's have take a few... welll... they'll be pricing it up tomorrow to drop them into new hands at a tidy profit.
Early June 2020 was a day over 60m
I’d say that was within the last five years, wouldn’t you?
DGR Global shares an interesting but risky play if this is the end of the selling.
Dbw, where did you see that?
Sweet if it is the California Teachers' Fund getting it good and hard, those Woke commie weirdoes.
Jeez it was reportedly a US fund rebalancing….. should be done now. We’ll probably know tomorrow