Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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18.38 Bid for 100k...
Lets see if it settles or moves up again
Meanwhile firmly bid for 500k at 18.29 vs market price of 18.28/18.50
Thats all for now...GLA
Moving up again...
Interesting...in March they held 73,948,696 so either the 7th October figure was wrong or they haven't declared their position, which of course they don't have to as 74m to 90m to 83m doesn't break 4%...
So why an RNS now unless....Solgold may be getting notifications all the time for all we know and may have chosen to announce Norges holding as showing an increase...
Whatever the situationm, Norges holds 8,926,304 shares more than when they first declared on 1 March...
Thanks DBW... I was just looking at their TR1 RNSs...
RCGL
In October according to the major shareholders list Norges held over 90m shares
https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/10/2022.10.26-Key-Security-Information.pdf
rcgl, thanks for that - very helpful.
Also thank you rcgl2.
Very helpful. Thanks rcgl2.
Tweet …. Taking a peek at Rio
https://twitter.com/solgold_plc/status/1600446963102601216?s=46&t=78qhdNr3BiejU4vXZazGzA
Add, re Norges holdings, on 1 March they owned 73,948, 696 shares (3.22%), of which 70,334,591 were held by them and 3,614,105 had been loaned out by them to other parties, with a right for Norges to recall them.
As of yesterday, they own 82,875,000 shares (3.609%), of which 68,375,000 are held by them and 14,500,000 have been loaned out by them with a right to recall them.
So they own a larger percentage of the company, but they have loaned more shares out than previously. I guess both direct holdings and loaned shares are reported cumulatively in the TR1 because Norges has the right to recall the loaned shares, so when it comes to any voting at meetings etc they have the ability to control the entire amount if they choose to recall their loaned shares. This is the same as Blackrock reporting their direct holdings and the stock lending instruments (i.e. the shares they have transferred to someone else under a stock lending arrangement but ultimately have the right to receive back upon termination of the loan).
Apologies if this is teaching you to suck eggs.
And also you Jezzoo...
Thats the whole point...the 'Big Buyer' makes two buys of 31m and 11m but the order has been accumulated over time form a number of sellers, not just one...
Hi Quady...for some reason I'm now having to sign in every day and I just saw one of your posts which was the most sensible and well informed that you have ever posted.
I hope you are well and looking forwrd to the festive season...
Signing off...red...
Good morning Jerry, if a MM is filling an order and it's off book then it's not reported until the order is filled.
I made this point rather clumsily, earlier this morning.
It's a possibility that this is what's occurring.
Red, you make some interesting points about the buyer of the 42m shares, but surely the same questions can be posed about the seller, which you conveniently ignore. My guess is that its more likely to be a shuffle within groups, but its just a guess. Anyone talking to Fawzi?
On another related point, I have heard on more than one occasion that buyers/sellers dont need to report holdings via an RNS until they have completed their order. I have never heard of this till a few years ago. Does anyone know whether this is a fact or just urban myth?
No worries...Industrual Metals down 1.5%...copper down...gold down...
SOLG only temporary...
Mornin Pinot
Prob part of the equation logically ;-9
Thanks for sharing prob more factual info than most of the cr-so spouted by some of our more recent bb residents n their incessant flannel
R’s n best wishes
Bn.c
This is fun
Red's rain smells a bit like.... Urine?!
Now thats interesting....
It looks like the big buyer is still around because although I was able tio buy those 100k, I am firmly bid for 500k at just below the market price...
That suggests to me that there is one MM buying in size while my putchase was filled with parcels from the rest of the market...
After all my boy...a market maker has to make an honest crust and the best way is to keep actively trading...
;-)
Morning Jezzoo that's the whole point of buying off book you cannot see it until it's reported.
It's the mopping up of sells.
That is one of the reasons why you get more buys and the share price goes down as the sells are not reported within that time period.
I am making a bit of a hash explaining this, and I am not even sure this has happened, but it's possible.
Bought another 100,000 at 17.86...
I esxpect that to be our last purchase ever...
Now thats curious...
There was a bargain booked at 19p in the first four reported on the LSE Official site but now its gone and been replace by one at 18.18...
How do they do that...?
Quady: >Lastly this may still be going on and we may see other large trades as we go along.<
Good point, I hadn't thought of that.
Although if that is the case I would have thought the SP would have risen on the likelyhood of it.
IE buying from people who can see the machinations of what has just happened.
Brokers can't borrow shares...market makers/participants can...
And irrespectuve of whether my speculatiion is right or wrong below....
Somebody paid 19.20 for 42 million shares...
Jiangxi bought 6.3% of the company....
Short of a general market crash, what can go wrong...?