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3.57%

2.7¢ blackstone minerals limited

Ann: Change in substantial holding, page-13

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mgm1a

1,714 Posts.

44

09/08/21

15:27

Post #: 55144773
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Originally posted by Zipping1: ↑

Question to the crew here, has there been many instances when an institutional holder continues to increase their position to the 20% threshold simply on the basis that they "like the company" or "feel its undervalued"? Don't forget the very recent $350 million BHP takeover of a Canadian miner that is playing in the Nickel sulfide space.

In punting terms and I love my nags hence the name Zipping (one of my favorite stayers and has a race named in its honor the Zipping Classic at Sandown) follow the money could be very relevant here.

IMO the German institutional investor(s) see a quick "kill" here as how much longer does BSX avoid the attention of a major or two, doesn't take Einstein to work this out.

Give us the upgraded resource statement Scotty? That's the catalyst IMO.

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Zipping - they ain't in short term, i keep an update on their various holdings - they are investors (not traders) across a range of Australian, but mostly WA, resource stocks. Most are developers - Here is my post of their >$230m portfolio
https://hotcopper.com.au/threads/german-group-investing-multi-millions-into-asx-resource-stocks-delphi-deutsche-balaton-sparta-ag.5786482/#post-49215874

BSX Price at posting: 38.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 2.7¢		Change -0.001(3.57%)		Mkt cap ! $14.33M

Open	High	Low	Value	Volume
2.8¢	3.0¢	2.7¢	$19.72K	696.3K

Buyers (Bids)

No.	Vol.	Price($)
3	255575	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	25000	1

View Market Depth

No.	Vol.	Price($)
3	255575	0.027
2	345578	0.026
6	222000	0.025
2	170000	0.024
1	25680	0.023

Price($)	Vol.	No.
0.030	25000	1
0.031	56013	1
0.032	139656	2
0.033	209309	1
0.040	19998	1

Last trade - 15.59pm 07/11/2024 (20 minute delay)

BSX (ASX) Chart