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Rampers like dbw and fort having to start work extra early today, in a lame attempt to convince others that a major institutional investor leaving solg is a good thing... Fort's only evidence is a non-example where he then freely admits Blackrock were right? Strange. And DBW has caught Red's ellipsis disease, though maybe this group just isn't as many people as their names suggest. Either way, an amazing example of trying to dress up **** as rain.
Meanwhiles I've been a mug and topped up further. If it hangs around in the 15-17p range reliably (our new mid-20s?) then it won't be the worst tactic. Build a stake before action in mid-2024, as I've predicted all along.
Good luck to most, **** off to brainless transparent rampers.
I have not had any response to a few emails since Fawzi left.. Fawzi did indeed always reply… he was always very courteous in his replies.. even to the little investor.
It’s not been worth posting here much recently but remain very optimistic and expecting something big to drop any time
According to Morningstar, some of the Blackrock funds/holdings have cleared out so around 17m sold. Mainly UK based or UK focused funds. Blackrock still have a fund holding around 14.5m shares but that fund seems to be 'holding'.
Considering Blackrock were at around 100m shares not long ago, it's good to se them cleared out now. They may just sit on the last 14.5m fund.
They were heavy sellers of Wood Group at around 110p levels just before a bid arrived by Apollo for 230p a share lol! So clearly Blackrock get it woefully wrong on many occasions. That said, the Apollo deal did not complete and Wood Group is back at 130's or 140's. Lots of other examples out there of Blackrock selling out before takeover offers. Anyone would think it's a strategy of theirs lol! For whom I wonder?
Anyone had any responses to emails to the company since Fawzi departed?
The other day I requested clarification of the apparent contradiction relating to the completion date of the SR - the Prospectus said end June, Caldwell has recently said September. I have not received a response.
You may recall the DC said he was going to reduce the number of announcements, but they kept coming and Fawzi always replied to emails. Perhaps our new board really are committed to the code of Omerta.
Morning Fort
Be great to get BR flushed through ….. plenty going on behind the scenes here just a time for patience….. though when news does come I expect it to be big.
Boards much better now.
:()
Yes correct first time buy or pension 4 k in per year and topped up by a grand can’t take out until 55
But 20k deposit in the south east property don’t go far
So it’s hold and rent lol
Not sure I want to throw another 5 k in at the moment
But I understand your point
Half is in a life time isa so I’ve got 10 years before I can touch it maybe the same time the first bid or oz of gold is sold from cascabel lol
Ko ...yes , it's pr*tty sh*t . I am not familiar with OMI but believe me I've had other disasters just as similar I'm sure. Good luck buddy.
covgas
i’m identical to you over 40k gbp at avg 27
painful hey
and a double kick in the *******s is my 10 k in omi at 13p
now 4p
I am now of the view sh*t or bust. I have 32k in here at 27.7 , if it goes bust so be it. I have lost about 25k on the market since 96 , so another 32k will not be nice but I'm resigned to it. I expect to get about 26 back eventually , so will ride it out.
For any kind of commenraty from WI, your best bet is twitter. Most recent post....
'Waiting for a bid is a painful thing to do. I am holding and not saying it is an easy decision. I sold an oil company once two weeks before a takeover bid and left 10 million on the table, so I try to be more patient. I am waiting.'
Forte, I guess we shall see, but unless there is any buying pressure, I dont see how BR stopping selling will move the price back up. If they thought the price would go back up they just would not sell.
If anyone is intouch with Warren, they could perhaps ask him to join this board. He used to post on cgp board with some really interesting insider coments
https://ceo.ca/CGP
Hopefully that's the last of BR. I said the same last month and they managed to still have 20m shares left.
Looks like the bulk of these larger II deals are being done in or around the 17p. Scott's options were at 17p and we know the Chinese took 5%+ at around the same price.
Seems like 17p level is the 'floor' from which most seem happy building big stakes. Does that suggest a 34p or 51p sale price? 1 or 2 bagger?
Thanks for info. Looks like someone else is using the same technique today
fist 199? Maybe a different Sid?
@Sid200 (what happened to the fist 199 by the way?)
BR uses a lot of data, also a lot of "alternative" data to feed their pricing algos, to determine at any given time if one stock is a buy, a hold or a sell. As stocks are picked for any one or more of their thematic funds, it might be that the algo prices in he Ecuador country risk and on that basis alone determines to sell, or less dramatically it blends different contributing factors to come up with a decision based on their risk appetite at any given point.
From internal sources I know for sure that traders are just executing deals, all decisions are algo-based. Of course we will not know the exact background of their decision to offload SOLG shares, but it's just a mechanical exercise ands it might well be that when the risk profile changes they will load up again. They do this for thousands of positions every hour of every day. That's it really.
Maybe they are fed up with the Solg story and performance over the years and see no near monetisation…..
One things for sure, if they saw monetisation in the near term, they would not be selling at these prices.
Sid.... just google your way through to Morningstar and ownership on SOLG. A few II's have added or bought Blackrock's stock.
Does anyone know why black rock is selling?
Any other major share holder sellyor or adding?
What if people who don't like each other just filter each other out ? No more bad feelings
Hi Darren
And thats why I don't post anymore.
Best wishes
RK
We should get an inkling on Blackrock's movements with regard their 20m of shares (rough estimate) when Morningstar data released tomorrow. They sold down around 40m shares the previous month so I'm hoping they are cleared now. SOLG's volume has been lighter so larger II movements lacking now.
Blackrock's 'selling' has been a heavy weight on the sp so might see some buying (by some) tomorrow if Blackrock fully cleared out.
Unfortunately Darren as you can see novice the liar is still talking about me on another board.
He just can't stop telling porkies...