RE: 70% in Institutional Investors hands.5 Apr 2025 12:21
This is GROKS take:
Shaun Day on Institutional Ownership
In the podcast, Shaun Day doesnβt explicitly state that institutional ownership is now 70%, as you mentioned earlier. However, he does touch on the evolving shareholder base, particularly in the context of the upcoming ASX listing in June 2025. He notes that the ASX listing is expected to "broaden the shareholder base" and attract more Australian institutional investors, many of whom are restricted to investing in ASX-listed companies. He highlights that Greatlandβs transition from an explorer to a producer, combined with its London AIM listing, has already drawn interest from "long-only funds" and other institutional players globally. While he doesnβt provide a current percentage, his comments suggest a deliberate strategy to increase institutional ownership, which could align with a figure like 70% if itβs a recent development not yet reflected in public data up to April 5, 2025. Without a direct quote from him elsewhere confirming 70%, this remains speculative but plausible given the companyβs trajectory and the Newmont deal (where Newmont took a 20.4% stake in December 2024).