Timmins & Beardmore - Northern Ontario

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Message: Re: CPW-v Meeting Tomorrow...
7
Jul 22, 2009 07:11PM
3
Aug 07, 2009 08:18AM
3
Aug 07, 2009 09:42AM

"I know the float is somewhat large but the approval of this merger should certainly help our cause."

Agreed.

Also, re: large float... The float is somewhat important but who owns these shares is much more important... SGX Share Structure... just to name a few... Kinross Gold (8.6%); Firebird Republics Fund Ltd. (2.8%); Anglo Pacific Group Plc. (2.8%); Guy Charette (1.7%); Nigel Lees (1.7%); Gary Robertson (0.6%)... that's more than 18% of SGX shares (even more on a fully-diluted basis) owned by just a few insiders, a couple of funds, and Kinross... I know for a fact there are many other funds that hold some relatively significant positions in SGX. Again, it's not the size of the float it's who owns the shares that is important.

red911


Aug 07, 2009 09:32PM
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Aug 07, 2009 10:00PM

Aug 07, 2009 10:09PM
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