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Sector M&A coming -
https://www.kitco.com/news/2023-03-15/-Consolidation-has-to-happen-Integra-Resources-George-Salamis-on-M-A.html
covgaz - when SOLG comes good in 15 years’ time lol, you and I must share a pint, because I reckon we share similar humour and we’ll need that bloxdy pint !
Rednight and his wife bought them of course :)
Add - but WHY does the market have to be so apparently / skewed - or even corrupt? Why are we left guessing whether a trade is a buy or sell? It really shouldn’t be like this.
I read your earlier posts about the 2 historic rampers you’ve previously come across who had the ability to seemingly deceive the bulletin board ! Very interesting and it concurs with my own experiences of how rampant and very convincing posters can influence.
Who bought the 9.4 million block I wonder?
It seems reasonable to assume it was a sale, but we have no evidence to support the view it was BR. Mind you, I've regarded them as flakey holders for some time, so their disappearance would be no bad thing, although having been holders for such a long time it seems odd timing.
In sterling terms gold price has hit record high today
Eish,don't be giving our secrets away !!,don't forget the silver lining aswell :):)
"The way the markets are right now, wouldn't surprise me if Blackrock need every penny as many funds, hedges and traders feel the pinch on the banking nerves."
What does this actually mean? I've read it a few times and still can't work it out. Blackrock made over $5bn last year. I think they are a far cry away from needing every penny. The ~£10m they've got/have in SOLG is insignificant.
I would be interested to know the rationale behind them unwinding their position here though.
Unless/until trades are honestly reported as exactly what they are - either buys or sells - imv this farcical /potentially deceptional situation will linger. Why can the market not be honest & straight? What is a real argument against honest reporting of trades?
I’m not naive but I do think we need an honest overhaul of regulations - and soon!
Just my opinions :)
Highest POG today seems to have been $1937 before sliding back a little. Bodes well for any Gold Miner perhaps eyeing our 26MOz proven reserve below Cascabel.
Hopefully that's the back of Blackrock. They had about 60m shares about a month ago so thought they'd be done around end of March. Perhaps they finally did the right thing and found a block buyer for the stock rather than selling destructively into a weaker market. The way the markets are right now, wouldn't surprise me if Blackrock need every penny as many funds, hedges and traders feel the pinch on the banking nerves. They said 2008 could never happen again due to regs etc etc. Mmm.... leopards don't change their spots. Once a casino always a casino. Let's hope that everyone doesn't realise the truth about the Fed Reserve as it's a case of emperors clothes. Transitory inflation?? Erm... no! Printing trillions of dollars... and hoping the market doesn't notice! They've created this mess... no one else... Powell hasn't got a clue and when the market decides on that... mmm... PoG to 10k?? SOLG should find the chinese more than welcoming as the Fed has made sure GOLD has been suppressed... another little chicken to come home to roost there too.
BNC/Pinot ...you sold out lol!!:):)
I was just about to post the same thing after a quick calculation. £2 is a rounded figure so it could just as easily be a sell (and the trade price suggests it could well be).
In more than 10 years invested here I don’t recall such a large volume trade. Somebody must know something. Question is, good or bad?
Hopefully the feckers will let it move up now!!
Either way it’d explain the tight trading range for the last few sessions…
Maybe, but given the trade is exactly £2m rather than a round figure of shares suggests a buy.
Trade gone through £2m
Maybe that’s been holding us back ….. sell maybe but if so someone must have wanted them…. Who knows??
Can we debate is this the catalyst that will satisfy the markets and increase our share price or increase the potential of a share holder stepping up to a jv or takeover
Assuming we have no further outcome of the strategic review
And second when would we likely get this signed
they didn't mention this bit about the LTA, which my understanding is that the 25% tax free lump sum is restricted to a maximum of £268,275, obviously doesn't effect :)
"The government will also remove the Lifetime Allowance charge from 6 April 2023,
before fully abolishing the Lifetime Allowance in a future Finance Bill. The
maximum Pension Commencement Lump Sum for those without protections will
be retained at its current level of £268,275 and will be frozen thereafter"
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142902/Web_accessible_Budget_2023.pdf
No.
Is that ironic?
I'm guessing quite a few people on here will benefit from the long overdue scrapping of the Lifetime Allowance, which was the most unfair tax in the whole system. At last, a Conservative government doing something conservative.
Copperpot - funny but stick to the day job