Katanga Mining Ltd Ord KATFF

Blackrock sells 53 millions of shares

[Cashmere68]

Hi guys im new in this Forum and im from Germany. 
Today i saw on my Bloomberg Terminal that Blackrock reduced its numbers of shares from 63,6 millions to 10 millions. Blackrock used to be the second biggest shareholder After Glencore.
Is this the reason for the recent price decline?
Did Blackrock loose its hope in this share?
sorry for eventually mistakes :-)

[Monk1973]

I am not sure but I think you need to check that again. According to https://www.morningstar.com/stocks/xtse/kat/quote.html blackrock holds 10 mil shares as of june 30 2018. 

[Cashmere68]

I will do so. Because of holiday tomorrow i only can do that on thursday. Perhaps another member with Bloomberg can check  this before because im relatively sure that the change was posted in the recent days. 

[patels96]

I can confirm that Blackrock did not sell any shares In fact there has been a lot of limit buying orders and executions that have happened since mid Sept. I figure most PM's will and are currentlying rotating into base metal equities as they are cheaply valued and demand for base metals especially Cu is very strong.  I do expect a rally in base metal equities in Q4 2018  Again

[InternalAudit68]

This post has been removed in accordance with Community Policy

[InternalAudit68]

This post has been removed in accordance with Community Policy

[Sogosohubidu201]

The link below shows the list of shareholders currently.  It also shows that BlackRock owns 63.7 million shares. https://www.marketscreener.com/KATANGA-MINING-LTD-1410549/company/

[Sogosohubidu201]

@patels, you said that you can confirm that BlackRock did not sell any share.  Do you have any link or from which source?