That depends. Major shareholders should not tell management what to do. Particularly if you are not a gold miner yourself. You buy a chunk of stock for a reason. It is about making money. Blackrock can own large chunks of stocks in endless companies. It is not their job or intention to run them. Buffett is the same. There is a relationship build up over time. If you want serious input, then you normally come from a similar background. These guys are hand off investors in that regard with no board seat. It actually tells us a lot about the trust and strength of the relationship. BC8 management have built mid tier gold companies before and have an excellent reputation. I have personally delt with Chinese investors and companies. It takes time, but once you have that relationship, it is extremely strong. You can pick up the phone any time of course. You are also in escrow for 3 years. They clearly are not there for a flip.
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