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Aug 16th 2023 position
#1 Van Eck 110,273,580 shares 9.519%
Today (Oct 4, 2023)
VanEck does NOT even appear in the top 10 shareholder's list (see here)
https://www.marketscreener.com/quote/stock/CENTAMIN-PLC-9730915/company/
but, I don't know if it's possible to cash out that fast (note the other large shareholders on the list haven't materially changed) still , that might explain the drop in share price without 'news'
so that would mean VanEck now holds less than 16,623,000 shares - a sell of over 90,000,000
perhaps Centamin PR can advise ?
Https://uk.finance.yahoo.com/quote/CEY.L/holders?p=CEY.L
end of August data.
Https://www.vaneck.com/uk/en/investments/junior-gold-miners-etf/holdings/
On this particular fund I could find 3m Centamin shares you may find them listed in other gold funds,
Cowichan not doing enough homework and it would not be the first time marketscreener have given incomplete data.
Thanks Cowichan
I would think it would be required by the market regulators, to inform the market of a top 10 movement. In Oz we have wording ... Under Listing Rule 3.1, an entity must disclose all information concerning it that it becomes aware of from any source and of any character, if a reasonable person would expect the information to have a material effect on the price or value of its securities.
Gold Price futures are all over the place in the sort term, but in the longer term all are up. Compared to other sources and experts, JPMorgan's forecast is higher than the average consensus forecast of $2,100 per ounce for 2024 and higher than most other forecasts that expect a moderate or a negative change in gold prices. A fair weight of money.
https://russellinvestments.com/au/blog/making-sense-of-us-dollar
There is huge appeal ot me ot break away from the US$ hegemony, and it is hard to think this will not happen. It introduces unfair assymetries into the market, China is rapidly expanding its global trading reach. It is well recognised that China has become the world’s largest trading nation. Less appreciated is the effect this has had in displacing the United States from its traditional dominance as a trading partner for other countries around the world. China’s economy is far more export driven than the US, it is deeply enmeshed in global supply chains, and has been growing much faster.
https://interactives.lowyinstitute.org/charts/china-us-trade-dominance/us-china-competition/
In terms of policy drivers, many factors have been at play. But China’s 2001 accession to the World Trade Organisation has clearly been central, with the number of countries trading more with China than with the United States increasing rapidly thereafter. The US has been very unhappy with this for obvious reasons, and I think this drives a lot of the sabre rattling from the US, but rattle all they like, once the dragon awakes...As Napoleon said, "That is a sleeping dragon. Let him sleep! If he wakes, he will shake the world." He is well and truly awake, and the opionions of conflicted experts and "social influencers" in the west won't count a lot. The sun will rise in the east.
Aside ...Dont you love the US tipping system in the restaurants and arond....the minumum suggested tip is 20% now. Why dont they just pay people properly...full employment LOL
good luck
The Gnome.
Insto's hold about 70% of CEY. Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index (!), and it follows they are strongly influenced by the index. Index is strongly influenced by POG. POG is down about 7% in the last month... The index is down 9-10%.
ETFs ... The third consecutive monthly outflow from North American funds – of US$2.7bn (-44t) – was the largest since September 2022 (-US$3.2bn, -60t). As the US economy continues to defy recession expectations, with resilience in household consumption, the 10-year Treasury yield rose further.
WGC Aug 2023 survey revealed that 24% of central banks intend to increase their holding reserves in the next 12 months.
No Tier 1 gold discoveries made in the last 5 years...
So it depends a lot on time orizons, and a few imponderables ...
good luck punters
the gnome
Japanese investors are also bucking the global trend of exiting gold exchange-traded funds, with bullion-backed ETF holdings continuing to enjoy strong growth since 2020. Japan added $18.3 million to gold-backed ETFs in August, bringing total AUM to $1.8 billion, according to data from the World Gold Council.
https://tinyurl.com/bdzn6tbb