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What absolute rubbish Bozi on the funding of Alpala nobody knows how it's going to be done and I mean no one not even you, so this cannot be discussed as fact.
On the BlackRock question I have answered you, but you have not clarified your answer.
If anyone has mislead anyone on here then you are the guilty party.
“What absolute rubbish Bozi on the funding of Alpala nobody knows how it's going to be done and I mean no one not even you”
I know ….. it’s not !
Quady - here you go again.
I've never said I do know how Alpala is going to be funded, but a few weeks ago I put to you a potential package on a 50/50 JV basis using a mix of debt, offtake and equity in an attempt to point out how such a deal would prove restrictive to SolGold and sub-optimal for shareholders.
But all I got back was "blah blah minimal dilution blah blah."
Anything I claim as fact should be checkable. That is something we should all expect of each other to maintain a bulletin board of high quality. But that's not where we are right now.
On the subject of BlackRock, you got all aggressive, as I suspected you would, because I said I'd reported you. It was the only way to try and cut through your repeated bluster, such as the below to DBW at 16:43
"What are you on about DBW BlackRock is not selling Solgold shares.
It's the funds that contain Solgold shares that are been altered or moved or sold."
You then tried to say I agreed with you when I absolutely didn't.
If you're going to make subjective comments like the one above to DBW then you need to provide supporting evidence to back up your view. Moreso, when you are corrected on something, instead of trying to wriggle and claim a different position all along, just hold your hands up and say "yeah you might have that right and I may be wrong". It isn't difficult. Nobody can be right all of the time - even you Quady.
Bozi I didn't answer it for that reason.
Nobody knows it's a non question.
On BlackRock I have stated my position more than once and I have asked you are you stating that BlackRock holds Solgold shares that are not in an ETF or fund.
It is you that has not clarified your Position.
Lastly when I get something wrong I always say sorry and thank the person for correcting me as we are all after accurate information on this forum.
"Lastly when I get something wrong I always say sorry"
Speechless.
Quady - what led to you buying this stock in the low single digits? This mantra that you can only discuss points that have been released by RNS is absurd to say the least.
To judge SolGold as an entity we should all be working out a potential valuation under all pathways (change of control, asset sale/ farm down, production) for the company, not just the one you hope it follows. It sounds like you have done this to an extent but you don't want to have even hypothetical conversations with other investors, Why is that?
I'm not sure what the relevance of your question is? I can't account for every single BlackRock owned share. I would assume (being the key word) that the majority, if not all, are held within their various funds, ETFs, etc. However, I cannot rule out for certain that BlackRock don't own any in their own name. I'd need to do a full analysis and reconciliation to tell you that.
It's irrelevant anyway because your next play is to try and play on the meaning of your initial statement. Regardless of whether BlackRock are selling shares held in their own name (unlikely), or the various BlackRock vehicles are selling shares, the end result is BlackRock are selling shares. That is all that matters.
Sharket…. Yep hilarious
That's my point Bozi, BlackRock are not selling shares.
The shares being sold belong to funds and ETF's.
So it's their clients shares in Solgold that are being sold.
I repeat BlackRock are not selling Solgold shares.
That statement is factual.
Quady - wow.
Wow wow wow wow wow wow wow.
I’m thinking of making some cheese on toast before I go for a slow poo.
Simple question. And who manages the fund and does the selling?
Quady - it's a shame you've pivoted to this view. You'd have been best off just saying nothing further.
Any investor holding a fund or ETF doesn't hold the shares in the underlying companies. They hold shares in the fund, operated by the service provider, in this case BlackRock.
So, BlackRock's fund manager(s) buy and sell whatever they buy and sell. The shares never belong to the holders of the fund unless the fund manager makes an in-specie distribution, which doesn't appear to have happened here.
Hopefully you won't now be able to wriggle again and your position can be pinned down and debunked.
Orthern
Nice like giving birth to a baby otter
Hallo Quady...its the ghost of Christmas past...just logged in to see if you've come to your senses yet...
And no...first post I see shows you understand absolutely nothing:
"That's my point Bozi, BlackRock are not selling shares. The shares being sold belong to funds and ETF's. So it's their clients shares in Solgold that are being sold. I repeat BlackRock are not selling Solgold shares.
That statement is factual."
Whaaaatttt??!!!
Blackrock is the biggest FUND MANAGER in the world...not broker...
"Clients" invest in their funds...they have very many different funds, with different foci...
When reporting major holdings they consolidate all the holdings in thne individual funds.
Blackrock have been selling. That means BLACKROCK FUND MANAGERS have been selling Solgold shares.
Their clients don't buy individual shares in companies, they invest a stake in an individual Blackrock fund that may ior may not buy/hold Solgold shares.
BlackRock Fund Managers have been selling Solgold shares.
That statement is factual.
Get it?
Quady …. Is you tactic to literally say you were correct whatever the outcome…. ?
You wrote earlier today
“We will be taking this to production “
I assume any other outcome and you’ll be the first to apologise?
I’ve been saying for a long time this will be sold, but I guarantee I’ll be the first to hold my hands up if we go to production.
Q, have you ever held shares in a fund? If so, were you able to buy and sell individual shares within that fund?
The whole point of a fund is that you hand over all responsibility to the fund managers.
Addicknt that's my point you are making it for me.
The fund managers decide the mix of the fund.
Percentages are changed and sometimes shares are added or they are removed from the fund.
That is exactly what I am saying.
No one in Black Rock is selling shares in a fund or ETF to manipulate the price of Solgold.
That is just ridiculous.
So Quady...
Please correct me if I get this wrong...
You suggested "reasons for selling Solgold shares could be.
1=) The fund no longer has Solgold as part of it's mix.
2=) Client's are swapping funds and switching out of a fund that contains Solgold into one that doesn't.
3=) Clients are exiting funds that contain Solgold and taking the money."
Which just goes to show you don't understand fund management either...
And by the way "Blackrock are the largest providers of ETFs worldwide" and "US$10 trillion in assets under management as of January 2022"
1 Blackrock still has Solgold as part of its mix, although the holdings are smaller
2 Do you really think Blackrock clients choose a fund that invests in Solgold? Why not just buy Solgold shares...or even ETFs?
3 As above. Clients don'y invest in Blackrock funds just because they contain Solgold
"DBW if you think I have said anything wrong, please state what it is, rather then the usual snide remarks people have come to expect from you."
DBW is the one of the straightest, most helpful and sensible posters on here...
Unlike you, who constnatly create your own reality so that you are never wrong...even when you are...and its staring you in the face...
Red …. The most amazing thing revealed to me was …. Although Blackrock hold 30/40m million shares less than they did ….. they haven’t sold a single share ?
One could argue they’ve lent a few out but really?
Surely Q is only here to mislead ….. alternatively he’s as mad as a box of frogs…. Take your pick
OK Redknight I will answer you next.
I have been investing since I was 19, I am now 61.
I never plan an outcome date.
Learnt that early on.
I derive my income from dividend holding shares.
Solgold is just a flutter.
I am up as I averaged at 4.6 pence for my holding.
I have another flutter on the go VRS, I am averaged at 19.2 pence so down on that, but adding to my position.
I am quite happy to take a ten or twenty year view at my age as I know that things change.
On the dividend side, I take an immediate view.
So horses for courses.
I have more than enough for my needs, which are not great and allow me the odd extravagance, like a new car or holiday etc.
But when I die it will be my daughters and various local charities that benefit, so probably different mindset to most on here.
Next you state BlackRock fund managers are selling shares in the funds.
Yes that is exactly what I have said, it's the changing percentages held in the funds or ETF's or indeed the fund is divesting itself of Solgold shares.
You are stating exactly what I have said.
Black Rock do not hold Solgold shares in their own right, that is my point.
Click on my name, and read my posts.
DBW I don't know what to say to you apart from learn to read.
The funds and ETF's managed by BlackRock hold the shares.
Not Black Rock the company.
"I've already said Bozi you're a good poster"...
You've actually said:
"Bozi your ridiculous."
Lol I’ll do you a deal
I learn to read you learn to spell …. How bout that numpty ?
Exactly DBW take the mickey out the fact I have mild dyslexia, about sums you up as a supporter of Slug.