Ann: December 2016 Quarterly Activities Report, page-21

SD,

Question is; Blackrock don't want to own or run gold mines in Australia so how do they buy shares on behalf of a real mining company and what sort of backroom deals would be going on to realise a takeover by stealth through the backdoor like this? It's not really part of their traditional business model which is inflating the market and stock indexes by flogging off derivative market products as fast as they can dream them up and in so doing leaving the little guy in the lurch because when the crash comes, liquidity dries up and the gates snap shut on redemptions, the poor little guy whose money is being managed or doesn't wake up early enough that morning to check his positions bleeds to death as the price slippage won't be reversed once the gates finally open again.

I think you need to dig deeper. Don't Blackrock run ETF funds? Could it not just be that they are accumulating for one of their funds. I'd need to look into it but you need to give me more information before I'd start seriously believing your theory. Esh