Post by
miningfundi on Aug 08, 2023 2:06pm
RBC is still feeding the III market
I have concluded that the RBC client who continues to dump III shares is a rich philanthropist sitting on a large holding of III who is making it easy for the little guys to buy III cheaply and participate in the huge upside to come. Well done!
Comment by
Madmaxoo7DBM on Aug 08, 2023 6:14pm
RBC I'm sure is fairholmes and I think he still has another 15-20 million shares left to sell.
Comment by
miningfundi on Aug 08, 2023 7:46pm
Fairholme (>10% insider) has not reported any sales of III in 2023, and as at March 30, 2023, it owned about 24 million III shares. ME has also not reported any sales in 2023. Who is the seller?
Comment by
Madmaxoo7DBM on Aug 08, 2023 8:10pm
If you look under ownership it shows that Fairholme Capital Management has sold 3,258,669 shares as of May 31
Comment by
miningfundi on Aug 08, 2023 9:24pm
I do not know what "ownership" you looked at, but I do know that the III's March 2023 proxy material stated that Fairholme owned 15.49% (about 24 million shares), and III's website stated that, as at May 2023, Fairholme owned 16.39% (about 25 million shares). Also, according to SEDI, Fairholme did not make any III sales in 2023.