52570 pointed out that Sprott owned a substantial number of BGS shares under the umbrella of Merrill Lynch previously before coming out into the open. :)Would you classified Sprott as an institution or fund manager?
Of the 4 fund managers that invested into BGS in the Top 20s, only BNP Paribas Nominees stated they are doing it for retail clients.
J P MORGAN NOMINEES AUSTRALIA LIMITED
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED
CITICORP NOMINEES PTY LIMITED
BNP PARIBAS NOMINEES PTY LTD
In the minors and the speculative sector, it is unusual for individuals or small corporations to invest in SMA accounts. I am also not aware how many are doing it for themselves or for their clients.
Yes, I, unashamedly promote BGS and will not pretend I am not. I see it as undervalue and I see it cheap, cheap, CHEAP ;) compared to its peers, backing up with purchases.:oops:
Ann: Presentation to Shareholder Meeting, page-316
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