RE:RE:RE:Goldcorp has soldLet's hope that IR has read the comments on this board and learned a good lesson on proper communications with investors. Perhaps IR and the CEO should be made aware of the comments.
If the information is factual there should be no need to use those filler words like "as far as we know" (of course, they know). They could easily put in a "footnote" on Slide 5, the list of major shareholders, just like the notes they put in for "new" shareholders in the June 2017 Presentation.
Suggested wording for the Footnote: "Goldcorp (and any other major entities) have reduced their holdings to nil (or any appropriate amount)".
Also, the heading "Shareholder Support 2016-2017" and the claim of "46% increase to institutional holders" should be deleted, since this would appear as an attempt to mask the fact that Goldcorp has left the room. It should be easy enough for IR to change that slide and put out a revised June Presentation. It's best to come clean.
Fact: G has liquidated its 6% holding. So what?
Others, such as RBC, has stepped in to snap up the 10.5M shares. The leader of the pack is still Polygon at 17.1Ms, to be followed by ICG/ELD at 8.9Ms, Van Eck at 8Ms, etc...Perhaps, a new mining company will emerge to fill the void left by G to take the lead, or G has some funds already willing to act as its proxies and would be happy enough to stay below the radar?
Feel free to speculate other scenarios.
GH