SOLGOLD Plc
********Institutional Holdings: 31 Mar 2018-4 June 2018***********
Blackrock Investment Mgm [UK] 6.05%
Fidelity Canada 3.77%
JP Morgan Asset Mgm [UK] 1.44%
HSBC Global Asset Mgm 1.44%
Franklin Advisors Inc 1.18%
Hargreaves Lansdown Asset Mgm 1.09%
Oppenheimer Funds Inc 1.07%
Credit Suisse AG 0.82%
TD Securities Inc 0.45%
Goldman Sachs Australia Pty Ltd 0.37%
TOP HOLDERS HOLD 17.66%
Link:
https://markets.ft.com/data/equities/tearsheet/profile?s=SOLG:LSE
******LATEST SOLGOLD May 2018 -121 London Presentation*********
on
www.solgold.com.au/presentations/
Page 5: "Top Represented Shareholders"
Newcrest International Pty Ltd 14.54%
DGR Global 12.04%
Cornerstone Resources 10.03%
Tenstar Trading Ltd 7.00%
Blackrock Inc 6.48%
Guyana Goldfields 6.08%
My cals: Total from above= 56.17%
Comment:
It appears that Inc incorporation is that from the USA. The Blackrock Inc and Blackrock Investment Mgm [UK] does not appear to be the same fund. Blackrock has a lot of different funds.
So, 56.17% + 17.66% = 73.83%
which appears to indicate that only 26.17% is in public hands? [100-73.83%]
This may not include smaller institutions which may have very much smaller holding or others?
SOLGOLD Mar 2016 Corporate Presentation on
www.solgold.com.au
Pg 3:
"Turnover averages 1.74 million shares/day currently"
"Growing fund and institutional interest"
Comment:
Today, the Solgold share price at 23.95 British pence and Market Capitalisation of £406.25 million.
Exchange rate today is £1= A$1.78 - Thur 14 June 2018
Turnover is a fraction of that in 2016.
WHAT IS HAPPENING
Brent Cook, the well renowned Economist Geologist produced a chart: "The Life Cycle of a Junior Miner."
The chart showed:
1) 1-2 years of SPECULATION period - High Risk High Potential
and Interpreting News Releases
2) Top of item (1) can come "SOLD TO MINER"
3)Chart dips- SPECULATORS LEAVE - 2-3 years
4) Chart levels static- ORPHAN PERIOD - 2 yrs
5) Then INSTITUTIONAL INVESTMENT - 1 yr - Curve turning up
6) At the top of this curve 5- FULL VALUE
Comment:
On the forums over the past few weeks and months, there was only talk of grades etc. However, as shown from all the various examples, the empirical shows otherwise?
In the meantime, the institutions have come in as shown by the latest FT data.
The low volumes today appear to indicate as per the life cycle chart that speculators have left.
New flow is now less frequent as the results are reported in composite form as data comes in.
Solgold has released some conceptual figures which I posted much earlier this year of a Corporate Presentation in Nov 2017 from recall. So I have seen the figures which are helpful.
The institutions will have a good idea as they have mining experts on hand and some of them have visited Cascabel eg Hannan & Partners, a specialist investment bank in natural resources.
The institutions have their investment strategies and from the FT data, they are from Australia, Canada, UK and Switzerland.
It is commonly known in the investment world that where retail hold a large chunk of shares, it tends to be very volatile due to ...... Now that the shares are held by top holders and institutions the Solgold shares are now trading within a narrow band.
Solgold shares, just like others are waiting for CATALYSTS and de-risking events for this next part of the said cycle.
Just for discussion and thoughts only.
Sol1, Thur 14 June 2018
Please check as there can be typo errors etc. DYOR
To read the Life Cycle of a Junior Miner by Brent Cook, please Google the title.
(20min delay)
