hi stackers: my apology if this has been discussed before. AMX, BDU, LSA, PIR, ABU,VEC, etc,etc(maybe couple more) JPM Nom Aust, HSBC, Merril Lynch are usually among the biggest shareholders of these mining companies. Any comments on this? cheers
When you see Banks with substantial holdings, my understanding is that they are usually just intermediaries for others like fund managers, other investment houses, and individuals. That's why they are called nominees. So while their own fund management vehicles might be the owners of some of the shares, the bulk could be really owned by disparate parties and individuals. They are like 'proxy' owners. It means you can't assume that the particular bank has a proprietorial interest in gold stocks or whatever - it doesn't follow that it's a vote of confidence from them in the asset. Something like that anyway
