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As some will recall, in or around the potential RI discussions this summer, Norges and Blackrock were buying furiously. They might have even been closing out their loan stock/shorts. But the point to remember is this, before they began their buying, the book was being capped and held at 26p levels. Then as if by magic the sp got a jog on to test 35p. It was then followed by Blackrock TR1 showing they were up to 5.7% after being nearer 4.5%. 1% in SOLG is almost 24m shares. Play with that kind of volume on daily basis (not all of it) and you can control price with ease.
Implied by the CGP boys... Blackrock are indeed on BHP's side as I thought.
So here we are stuck at 18p levels (half the summer price) and for what reason?? What's changed since 35p levels? Asset wise nothing. Blackrock holding wise.... they are back down into the 4% range.
So don't be surprised to see SOLG travel back to mid 30's in near future whether on rumours or just Blackrock and Norges buying... as by example and proven before, 35p is roughly where SOLG ends up when not being controlled or played around with. From there, bids near 70p+ will look less embarrassing for BHP compared to a 70p bid from 18p levels.
There's absolutely no reason why SOLG should be sub 20p never mind sub 30p. The broader market has almost returned to highs give or take 10%.
They can't cap the price forever... it's becoming more risky for them. Let's see if we get another 1m block trade after close which I believe is Blackrock unwinding their instruments!
Makes sense but those late 1m’s look like buys based on prices quoted during the day
I guess every buy requires a seller
The lack of the little red dot disappoints
Again ColonelDrake doesn't understand what black rock is or how it works.
Produce the evidence this share is being manipulated.
You can't because it isn't.
We just have lack of volume.
Black road is a fund manager and has a fund or funds that contain Solgold in them.
So when units are bought or sold, then Solgold shares are bought and sold at the same time along with all the other company shares in that particular fund or funds.
This is not rocket science.
Black rock not black road, somehow autocorrect. Thought I turned it off.
“ While there is no suggestion of collusion, BHP, Newcrest and the funds management giants BlackRock and Norges Bank are perceived by most observers to vote the same way on most matters at SolGold. Collectively, those four owned about 36.5 per cent of SolGold shares before the merger with Cornerstone”
Why would Blackrock vote with BHP if they wanted the best return on their money ….. it’s fairly obvious to me they’ve been complicit in share price manipulation for some time.
Then show the evidence DBW how are they manipulating this share.
You can't because they are not.
Lastly how on earth do you manipulate a share price with such low volume.
Show the evidence.
Q not looking for a quarrel it’s just what I believe…. Answer me this why would Blackrock consistently back BHP knowing they do not represent the best returns for shareholders…. Surely they want a decent return.
You have got be be kidding me
“ So here we are stuck at 18p levels (half the summer price) and for what reason?? What's changed since 35p levels? Asset wise nothing. Blackrock holding wise.... they are back down into the 4% range.”
Are you in a bunker or have you buried your head in the sand, global markets went into meltdown, interest rates have gone through the roof and you think SOLG’S assets aren’t affected…..
You live in cloud cuckoo land, no wonder you keep calling this wrong
By the way if there was manipulation, when there is low volume would be the easiest time.
DBW
That’s your view, you don’t know what agreements blackrock have with any company behind the scenes.
Not everyone buys the’ this is the greatest mine discovery for decades’
Someone posted a press release about SOLG’s mine and if it was anywhere other there than equador the SP would be £1+
Therein lies the issue that most holders on here don’t get its 18p for a reason and no one is going to pay anywhere near the value posters on here think it is worth
Tesla you may be right that’s what opinions are all about. You posted something about me putting inflated target prices on this …. I’ve always made a point of not guessing at eventual prices so I’d be interested to see where I did that? Having said that I do believe we’ll end up way north of where we are now … this looks all set up for a plain and simple takeover to me ….. of course there are risks and nothing is guaranteed but I like the odds …. If you don’t get out ….. assuming of course you are invested?
Tesla …. Either way you have to admit it’s fascinating watching this unfold .
Okay let's try and have a sensible discussion DBW.
Black rock is a fund manager, it trades Solgold in funds.
It is an enormous company and it will defend its reputation and fire anyone who doesn't meet its high standards.
They are never going to manipulate a share price or put out false information to control it.
It's just the selling and buying of units in those funds that determine how much stock black rock holds.
We have had our differences, but I don't label you as a conspiracy theorist unlike some of the nutters on here.
Do you believe Solgold are so important for the success of black rock that it would risk its hard won reputation.
They wouldn't do it for the biggest companies in the world.
Lastly on volume.
We are talking about small volume.
You made the point small volumes are easy to manipulate.
That's not true for the following reasons.
Why manipulate a company with small volumes. It makes no sense, the small volumes keep the price low.
Next people are on here obsessed by people borrowing shares.
Why on earth would black rock do that. It would just buy and sell on the open market to reflect the size of it's funds.
As you know funds are weighted and I am guessing Solgold is less than one percent.
If it was higher then the weighting would have a disproportionate effect on the whole fund.
These things are carefully calculated.
Q good points well made ….. you didn’t comment on why they would consistently vote with an entity hell bent on getting the company for as little as possible therefore rendering their own shareholding much less valuable?
As for evidence there will clearly be none for obvious reasons, but let’s leave it here
Sorry DBW missed that one.
I have no idea, but I imagine that the people who comment on the companies do so on an honest basis.
They probably have no connection with the fund managers who run the funds.
Quady you're still filtered but...
Why would Blackrock back BHP if Cascabel is being taken to production by Solgold...? Huh?
I answered that Redknight try reading.