SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (1870)1/7/1999 2:46:00 PM
From: Mr. Oil  Read Replies (2) | Respond to of 3282
 
I am wondering who the client of TD Asset Management is. Could be Barrick or perhaps Newmont or perhaps some other company ready to up the bid. Someone is pretty big on ARP. May be the insiders bought more knowing what is coming. The declaration of holding in excess of 10% is a requirement of the TSE isn't it? They wouldn't be doing it if it wasn't necessary. I think it indicates something quite significant. hope I am right. Still holding. Let's hear it Mr. Lundin.

Ray



To: Enigma who wrote (1870)1/7/1999 10:47:00 PM
From: dumbo  Read Replies (1) | Respond to of 3282
 
Securities law requires individuals or organizations that have "control or direction" over 10 or more percent of a company's shares to declare their holdings. In TD's case they probably have a couple of mutual funds and a few pension fund clients for whom they manage money and together they have over 10%. Because TD has control and direction over the stock, they declare it. If they bought the stock on behalf of a client, say Newmont, at the direction of Newmont, then Newmont would have to declare it because they have "control or direction". Now, as for thinking that TD Asset Management is the smart money-well maybe that's a stretch. Seems to me that you guys that got in under $2 are the smart money!