I didn't say they didn't own the shares, I said who did they sell them to?
1. Details of substantial holder (1) Name Van Eck Associates Corporation (and its associates as referred to in paragraph 6). ACN/ARSN (if applicable) N/A The holder became a substantial holder on 16/06/2023 2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of securities Person’s votes (5) Voting power (6) Ordinary shares 13,064,654 13,064,654 5.07% 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest (7) Class and number of securities Van Eck Associates Corporation (VEAC) VEAC holds its relevant interest by having the power to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates in the ordinary course of investment management business. Ordinary shares 13,064,654 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Class and number of securities VEAC State Street Bank and Trust Company as custodian for VanEck Junior Gold Miners ETF VanEck Junior Gold Miners ETF (GDXJ) Ordinary shares 11,839,223 VEAC State Street Custodial Services (Ireland) Limited as depositary for VanEck Junior Gold Miners UCITS ETF VanEck Junior Gold Miners UCITS ETF (UCTGDXJ) Ordinary shares 1,225,431 5. C
As at yesterday the ETF (UCITS ETF | GDXJ/ GDXJ) had 1,090,064 shares at 845,320 USD https://www.vaneck.com/uk/en/investments/junior-gold-miners-etf/holdings/You can check out the numerous Van Eck associates in the US, Australia and the Netherlands. Name and ACN/ARSN (if applicable) Nature of association VEAC Associate under section 12(2) of the Corporations Act. Van Eck Securities Corporation Associate under section 12(2) of the Corporations Act. Van Eck Absolute Return Advisers, Inc. Associate under section 12(2) of the Corporations Act. VanEck Australia Pty Ltd Associate under section 12(2) of the Corporations Act. VanEck Investments Limited Associate under section 12(2) of the Corporations Act. VanEck Asset Management B.V. Associate under section 12(2) of the Corporations Act.
I shall let you explore the breathtakingly wide definition of Associate in the Corporations Act s. 10-17, but relevantly 12(2). http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s12.html I suspect by their names that these companies that purchased these KCN shares had differing equitable obligations.
Please note that I don't know that they have sold or purchased any of these shares or broken any law. Just that those who have purchased may be very wide with differing legal obligations.
What you do know from the form 603 is that they jointly associated with those shares because there has been no form 605 filed. You also know that the ETF doesn't reflect the same corporate entities as these separate purchasers.
If there is anything wrong with the above please correct me. The above are undisputed facts, unless I have made an error about the number of shares in the ETF.
Please don't refer to "conspiracy theories" to disparage a view that you haven't considered sufficiently.
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