No. Sierra Gold have been on TBR’s register for as long as I can...

No.

Sierra Gold have been on TBR’s register for as long as I can remember.

Below is the Top 20 list from 1999. This is the earliest electronic record of the Top 20 list, on the ASX announcement platform, that I can find.

https://www.asx.com.au/asx/statisti...mentDate=1999-10-26&documentNumber=168758

Sierra Gold in 1999 (and I pretty sure for a lot longer than that) held 8,020,000 shares in Tribune.

As per TBR’s Top 20 list in their latest Annual report (published 28/9/2017) Sierra Gold holds 8,020,000 shares, exactly the same as it did in 1999 (and probably for many years before that). I’ll dig around to see if I have any older paper annual reports.

That’s what I want from cornerstone holders in any company I invest in with profitable assets, steadfast commitment to the company over decades.

What I find concerning is a regulatory system that allows a situation like this to exist for decades and then at the behest of a privaledged elite brings its power to bare to try and dismantle the same situation after it becomes apparent it is worth a lot of money.

If anything ASIC and ASX should be subject to a royal commission for overseeing the creation of this situation, ie if the take-over panel are correct in their findings ASIC and ASX have failed to do their jobs.

Eshmun