Dundee buying SGR shs?
Anyone able to post the SGR total holdings for Dundee by fund (Dynamic) and affiliates(i.e CMP)? I beleive someone posted this info a while back.
I am starting to question the theory that Dundee is still loading up on this stock. Upon reviewing Dynamic's website and recent dislcosures, it appears Dundee may not be increasing their SGR position. Maybe the buyers are using Broker 27 Dundee? Maybe Dundee is unloading via Anonymous? I realize the price of SGR has dropped significantly and would also drop as % of the fund holdings, but all this talk about Dundee buying up this stock is not adding up.
Dynamic Funds (as of Sept. 30, 2010 -SGR top holding in 2 funds)
> Precious Metals fund: 7.1 % SGR (4th holding - $1 billion fund) prev 13.42% as of May 31, 2010.
> Strategic Gold fund: 5.9% (4th top holding - $200 mil fund)
Dundee Research Disclosures (as of Oct. 21, 2010)
>Dundee Securities and affiliates owned > 10% of SGR (but less than 20%)
Osisko, Allied Nevada, Andean Resources and Kinros are Dynamics current top gold holdings.
How many SGR shares does Ned actually control?
nugget