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Excellent week good gain, expect much of the same next week as we progress towards mid 20’s. No problem with a little adjustment yesterday. Noted TSX strong day.
GLA Saints
Saints7,oh yes finished up 4.05% on tsx bodes well for next week we hope !!:)
I think the combination of Blackrock selling combined with broader market tensions really weighed on the Share price. Throw in those on the sidelines that were waiting for ISA season to kick in and you have a good buying platform and stock in greater demand.
I said a while ago that Blackrock would likely take through to end of March to fully clear out and was not far off. I think they have about 20m shares left now (they did have 80m+ earlier this year). If Morningstar data a few weeks out... they could be nearer 15m now or lower.
We still have XIB 0.5% short in play. They need to buy back 15million shares. And on a positive note, we have Konwave AG who are up to 17m now after mopping up 6m of stock recently.
Ideally need Konwave and others to soak up the last chunks of Blackrock stock as 20m being sold off may require the MM's to drop the price to get deals matched again. Perhaps XIB will take the stock?? That would be good.
Volume has been decent of late especially across the pond by their standards. No real signs of CGP holders cashing in at all thus far.
A week of consolidation and building support can be very productive and allows for greater upside in future.
All data available via Morningstar.
https://www.morningstar.com/stocks/xlon/solg/ownership
Fort ,good summary there many thanks ,right put this phone down and get out in the sun !!,enjoy your day everyone DW for national today !!!:):)
I think we are all starting to realise that many of these called "trolls" are actually on the LSE payroll to simply poke the bee's nest to generate more posts which in turn = more advertising revenue. This whole platform is a complete and utter joke and seen it repeated across many shares I hold stock in, for example GST last 10 days up over 210% and hey presto the stooges appear.
We are all aware that this will go for a pretty penny at some stage. We don't need to read any further rubbish posted by the people with the gift of hindsight. I would encourage reporting the posts as opposed to filtering as in theory LSE admin should ban any posters causing "disruption", we'll then see if they disappear or are reinvented as new 1 post wonders ?
I think I know what will happen. ;)
After an awful time over the last few months with a certain poster who is clearly part of LSE admin which clearly came to a head last good Friday when the penny finally dropped with myself and other poster and low and behold all the messages are now deleted, I will be taking much less of an interest in the very often useless but on the very rare occasion brilliant platform and enjoy my investments with my real close friend community and just view this from afar for what it is, nothing more than an anonymous BB, 55p by next Friday ( for starters)
ONWARDS & UPWARDS !!!
About Blackrock, and while I enjoy the Colonel's posts even if half the time there is more interpretation than actual fact, I would like to point out, after asking a dear friend who is actually an MD at BR, that their buying and selling and crossing thresholds and having to inform the market about it refers to passive funds and ETFs. BR just invests in stocks and have to periodically rebalance, and SOLG happens to be one of very many they invest in. There is just no BR conspiracy here. When BR wants to influence a company's direction, they don't buy and sell to speculate on price, they invest more heavily for increased leverage with the management and directly affect the strategy.
Good morning Italian, I have pointed this out before, just funds representing Black rock's portfolio for the funds they operate.
And yes colonelDrake likes to pretend he knows what he talking about. But he constantly goes to conspiracy theories.
Novice, please reconsider leaving solg board. Your contribution over the years has been immense.
Please sleep on it before you decide. You will be sorely missed.
Q, I don't have a grudge with anyone here, so I don't like wasting time or those wasting time demeaning the other posters.
None of us honestly has a full grasp of everything related to investment or trading, we just have a personal wealth of knowledge and tools we use to make a somewhat rational set of decisions.
If we did we would be running a hedge fund or else and would not be wasting our time on anonymous BBs.
So let's drop it and be nice and supportive of each other.
Or filter them and move on....
GLA
italian. I agree 100%. Let's all get on. As you say, none of us know what's going to happen. It's just a platform for people's views. So absolutely no point in wasting energy being abusive to others with a different view. Have a good weekend, and let's hope we all respect and act on your post
Closed at the high of the day and week on TSX....23.1...
Bodes well as Bob is Toronto based...
The Italian, you are entitled to an opinion as we all are. Blackrock were active buyers ahead of a lasso/solg/bhp/ncm coffee and biscuits meeting. When that event fell through, they began to exit. The last 3%+ they have sold was done in a heavy handed way... most unlike blackrock which know the influence of their selling and how that affects price. I remember we had similar debate over BHP and how a super major like that is too busy to concern themselves with little old SOLG in same way Blackrock have billions and billions to manage. But BHP were found trying to dismantle SOLG BoD's from the inside. They were publicly throwing toys out of the pram with the Royalty deals. Most unlike a super major.
So at end of the day... we'll never know what blackrock were up to. We know they sided with BHP which they have a larger shareholding in. We know they seemed to tinker with instruments before or after SOLG capital raises. Nothing wrong with that... it's what they do... but it does effect price.
At end of the day...two facts matter most as of now. Blackrock are almost out (good riddance) and SOLG are hot property with M&A swirling in sector, metals prices soaring and future looks bright... a lot brighter without Blackrock involved.
And FWIIW... if you ever get time, just look what they were up to with Wood Group. All the TR1's are there. A glimpse of what you usually don't see.
Fort,
Warren posted the following on twitter yesterday:
"The issue with Cascabel is that the most effective way to mine it is using block caving. This is a sophisticated underground mining technique. As a result, more due diligence is required compared to a traditional open pit copper mine. Up to Maxit to get er done."
Seems the long DD is slowing progress. But, clearly we have an interested party who is busy with DD. Very positive IMHO.