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Well he/she is extremely good at riling the majority of this BB and regularly generates many threads job done for all we know they could be slugs alter ego ?
https://www.morningstar.com/stocks/xlon/solg/ownership
All Blackrock funds that hold SOLG included in attached Morningstar link
If hes working for BHP hes doing a fantstic job...
“DBW as far as we know quady is a multi alias poster who has been placed here to stir feelings and post emotive thoughts to whip up interest here the poster is a clear fraud,”
Novice…. Surely they could have found someone brighter and remotely literate
As the TR1s state...
Blackrock Inc buys or sells the shares.
Blackrock Inc are 'Blackrock'
Blackrock Inc ARE the fund managers
So when we say 'Blackrock" are selling shares, we mean Blacrock Inc (the Fund Managers) are selling shares.
They are not selling on behalf of clients, they are selling shares which have been consolidated out of I believe over 30 separate funds.
But the fact is 'Blackrock have been selling...at least 30 million shares...
What on earth are you on about Redknight click on my name and read my posts.
It was me that stated that.
Show me where I have said anything different.
And in one elegant post (much of it appreciated thank you), you sum up how little you understand...
To repeat...you said:
"That's my point Bozi, BlackRock are not selling shares.
The shares being sold belong to funds and ETF's.
So it's their clients shares in Solgold that are being sold.
I repeat BlackRock are not selling Solgold shares.
That statement is factual."
and
"Next you state BlackRock fund managers are selling shares in the funds."
and
"Black Rock do not hold Solgold shares in their own right"
And that is the whole point...
NOBODY has said that...they are saying "Blackrock Inc" are selling Solgold shares.
I.e. from the TR1s...
"3. Details of person subject to the notification obligation
Name
BlackRock, Inc. "
BlackRock invests the funds of its clients...in numerous publicly traded companies...these shares are ultimately owned by the company's clients, not by BlackRock itself...
BlackRock, Inc...BlackRock is the world's largest asset manager"
(from the Blackrock website).
Once again …. I’m not a supporter of slug , just think he’s worth a hundred of you … that’s all
Quady you are serious low life
You tell posters all day long to learn to read then hide behind your dyslexia excuse….. no wonder so many have you filtered ….
So your preference is production, we all know that would result in massive dilution and the best part of a decade of a depressed share price ….. Nick Mather is on record as stating a JV is a non goer as it would decimate any JV premium …. There is one clear and obvious outcome here, Mather gets it, Maxit get it, Irwin gets it, the Chinese get it, Singh gets it ….. if only they had your insight
Correct Redknight now go back and read what I said and understand the context.
Exactly DBW take the mickey out the fact I have mild dyslexia, about sums you up as a supporter of Slug.
Lol I’ll do you a deal
I learn to read you learn to spell …. How bout that numpty ?
"I've already said Bozi you're a good poster"...
You've actually said:
"Bozi your ridiculous."
DBW I don't know what to say to you apart from learn to read.
The funds and ETF's managed by BlackRock hold the shares.
Not Black Rock the company.
OK Redknight I will answer you next.
I have been investing since I was 19, I am now 61.
I never plan an outcome date.
Learnt that early on.
I derive my income from dividend holding shares.
Solgold is just a flutter.
I am up as I averaged at 4.6 pence for my holding.
I have another flutter on the go VRS, I am averaged at 19.2 pence so down on that, but adding to my position.
I am quite happy to take a ten or twenty year view at my age as I know that things change.
On the dividend side, I take an immediate view.
So horses for courses.
I have more than enough for my needs, which are not great and allow me the odd extravagance, like a new car or holiday etc.
But when I die it will be my daughters and various local charities that benefit, so probably different mindset to most on here.
Next you state BlackRock fund managers are selling shares in the funds.
Yes that is exactly what I have said, it's the changing percentages held in the funds or ETF's or indeed the fund is divesting itself of Solgold shares.
You are stating exactly what I have said.
Black Rock do not hold Solgold shares in their own right, that is my point.
Click on my name, and read my posts.
Red …. The most amazing thing revealed to me was …. Although Blackrock hold 30/40m million shares less than they did ….. they haven’t sold a single share ?
One could argue they’ve lent a few out but really?
Surely Q is only here to mislead ….. alternatively he’s as mad as a box of frogs…. Take your pick
"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."
DBW is the one of the straightest, most helpful and sensible posters on here...
Unlike you, who constnatly create your own reality so that you are never wrong...even when you are...and its staring you in the face...
incredible..
So Quady...
Please correct me if I get this wrong...
You suggested "reasons for selling Solgold shares could be.
1=) The fund no longer has Solgold as part of it's mix.
2=) Client's are swapping funds and switching out of a fund that contains Solgold into one that doesn't.
3=) Clients are exiting funds that contain Solgold and taking the money."
Which just goes to show you don't understand fund management either...
And by the way "Blackrock are the largest providers of ETFs worldwide" and "US$10 trillion in assets under management as of January 2022"
1 Blackrock still has Solgold as part of its mix, although the holdings are smaller
2 Do you really think Blackrock clients choose a fund that invests in Solgold? Why not just buy Solgold shares...or even ETFs?
3 As above. Clients don'y invest in Blackrock funds just because they contain Solgold
Addicknt that's my point you are making it for me.
The fund managers decide the mix of the fund.
Percentages are changed and sometimes shares are added or they are removed from the fund.
That is exactly what I am saying.
No one in Black Rock is selling shares in a fund or ETF to manipulate the price of Solgold.
That is just ridiculous.
Have to be honest I was getting a bit depressed listening to quady I'm 62 on the 22nd of December and thought I might have to be seventy before I made any money but hey ho life goes on!
I want to retire next year so comon solgold get it sold for £1:32 lol!!:)
"Although we have had some volume over the past days, this is nothing unusual as we should be having this kind of volume everyday, day in and day out."
"This is nothing unusual as we should be having this kind of volume everyday, day in and day out."
Whaaat?
The average volume for the last 32 trading days has been c9 million shares...
The long run average volume before that was c3 million shares...
We haven't had consistent volumes like this for 6 weeks since April 2021...
And heres the 'next cab off the rank' Quady...
So you've had "40 years of investing" which probably makes you 60/70...
How long do you plan to live...?
because I'm deeply worried that the beneficiaries under your will are going to reap the rewards of your patient investing...IF they decide to keep their Solgold shares when they've fallen to a copper or two while the world waits for a dividend.
You're a clever man so you can do the maths...
According to the COMPANY (your tried and trusted source), Construction doesn't start until Q4 2024...
And Production doesn't start until Q3 2029.
That means the first Net Positive Cashflows don't arrive before 2036...
And if they don't pay a dividend until the followingh year, you might well be 85 by then...
Can you wait that long?
Well I suppose you've waited 40 years so far, so another 15 years here or there is a mere bagatelle...
Or you could take 100p plus soon when the takeover battle concludes.
No doubt you'll then tell us thats what you were planning for all along...?