My understanding is the shares "owned" by UBS and other investment banks are almost entirely a mix of shares held by asset / wealth management divisions (ie: client money) and money held on behalf of hedge funds (again, not beneficially owned by UBS). Hence, corporate events impacting UBS globally have zero influence on SSH notices attributed to UBS in mining companies in Australia.
That said, I'm keen to hear the update on mining in Mongolia as I'm a shareholder in GUF.
Cheers, A
GUF Price at posting:
53.5¢ Sentiment: None Disclosure: Held
