RE:Arias Fund etal SEC filing todayDrhoho wrote: What is reasoning behind today's US SEC Form SC 13G filing,, with components ~43% ownership of LGO common shares? Could this be in preperation of distribution of these shares, as was done previously by otherArias etal holdings???
Where does this news come from? In any way SEC Schedule 13G form "beneficial ownership report” is routinely filed “to report a party's ownership of stock which exceeds 5% of a company's total stock issue.” Arias holdings of ~43% of Largo stock is a significant ownership and reporting this to the public is a requirement by SEC. There is also a Schedule 13F form that must also be filed on a quarterly basis (as illustrated below). Nothing new here.
Arias Resource Capital Gp Ltd. reports 0.07% increase in ownership of LGO / Largo Resources Ltd
2021-11-15 - Arias Resource Capital Gp Ltd. has filed a 13F-HR form disclosing ownership of 28,039,020 shares of Largo Resources Ltd (CA:LGO) with total holdings valued at $294,690,000 USD as of 2021-09-30. Arias Resource Capital Gp Ltd. had filed a previous 13F-HR on 2021-08-16 disclosing 28,019,020 shares of Largo Resources Ltd at a value of $436,817,000 USD. This represents a change in shares of 0.07 percent and a change in value of -32.54 percent during the quarter.
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