George was CEO of Breakwater until November 9, 2009. Exactly 13 months later he was handed the reigns to San Gold and the shareprice closed at 3.66 the next day and subsequently in 2011, BWR was bought out. Did Goodman capitulate, realizing BWR was a bust an actively shop it? Is George to blame that SGR's shareprice is down 75% since he was hired? Not entirely but increasing shareholder value and under promising over delivering was the dogma he was preaching. If by shareholder he meant the one that had the luxury off crossing 4 plus million shares at 76 cents from non aggregate accounts through his very own merchant bank, then I guess he's right.
http://www.oldsalbertan.ca/article/GB/20110615/CP07/306159898/-1/old08/breakwater-resources-to-be-acquired-by-nyrstar-in-663-million&template=cpArt
Goodman controlled funds were the biggest shareholders by far of BWR and significantly increased their position annually. Same applies to San Gold and I'm sure there are others but not with the CEO connection. This would be a terrible business model from a long posiiton because they both cratered off their highs yet they still keep handing out funds for more paper so they are up to something which isn't mining related at all. Coincidence or conspiracy theory?
If I was investing that much of my fund's money in an enterprise I would want to know what's going on and considering Dynamic/DundeeWealth/GCIC/CMP/CD or whatever name they do business as, usually take down 30% of every pp, I would suggest the CEO, mine managers and engineers do give a rat's ass about some fund manager considering he's an insider and GCIC's moves show up on the TMX's insider trading reports.
Breakwater
Historical Holdings Data for GOODMAN, NATHAN EDWARD (NED)
| Fund Value: |
$0,000,000 |
| Address: |
DIRECTOR/INSIDER |
Phone: |
| Fax: |
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| City: |
Prov/State: |
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: |
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| Historical Holdings Data For: |
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Historical Holdings Data for DUNDEE CORPORATION
| Fund Value: |
$2,254,329,000 |
| Address: |
SCOTIA PLAZA |
Phone: |
| 40 KING ST. WEST |
Fax: |
| SUITE 5500 |
Toll Free: |
| City: |
TORONTO |
Prov/State: |
ON |
| Country |
CANADA: |
Postal/Zip: |
M5H 4A9 |
| Management Company |
Last Name |
First Name |
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| Historical Holdings Data For: |
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San Gold
George was hired by San Gold on December 8, 2010
Historical Holdings Data for GCIC LTD (FORMERLY GOODMAN & CO) ^^^
| Fund Value: |
$21,521,239,000 |
| Address: |
SCOTIA PLAZA, 40 KING STREET W |
Phone: |
(416) 363-5621 |
| 55 FLOOR |
Fax: |
416 363 5850 |
| Toll Free: |
800 268 8186 |
| City: |
TORONTO |
Prov/State: |
ON |
| Country |
CANADA: |
Postal/Zip: |
M5H 4A9 |
| Management Company |
Last Name |
First Name |
Phone |
Fax |
E-Mail |
| Historical Holdings Data For: |
As Of |
Shares Held |
Historical Holdings Data for DYNAMIC PRECIOUS METALS FUND ^^
| Fund Value: |
$614,513,000 |
| Address: |
SCOTIA PLAZA, 40 KING STREET W |
Phone: |
(416) 363-5621 |
| 55 FLOOR |
Fax: |
416 363 5850 |
| Toll Free: |
800 268 8186 |
| City: |
TORONTO |
Prov/State: |
ON |
| Country |
CANADA: |
Postal/Zip: |
M5H 4A9 |
| Management Company |
Last Name |
First Name |
Phone |
Fax |
E-Mail |
| Historical Holdings Data For: |
As Of |
Shares Held |
Historical Holdings Data for DYNAMIC STRATEGIC GOLD CLASS
| Fund Value: |
$301,441,000 |
| Address: |
SCOTIA PLAZA, 40 KING STREET W |
Phone: |
(416) 363-5621 |
| 55 FLOOR |
Fax: |
416 363 5850 |
| Toll Free: |
800 268 8186 |
| City: |
TORONTO |
Prov/State: |
ON |
| Country |
CANADA: |
Postal/Zip: |
M5H 4A9 |
| Management Company |
Last Name |
First Name |
Phone |
Fax |
E-Mail |
| Historical Holdings Data For: |
As Of |
Shares Held |
Historical Holdings Data for CMP 2005 RESOURCE LIMITED PARTNERSHIP (TERMINATED 2007/02/06)
| Fund Value: |
$209,092,000 |
| Address: |
SCOTIA PLAZA |
Phone: |
| 40 KING ST. WEST |
Fax: |
| SUITE 5500 |
Toll Free: |
| City: |
TORONTO |
Prov/State: |
ON |
| Country |
CANADA: |
Postal/Zip: |
M5H 4A9 |
| Management Company |
Last Name |
First Name |
Phone |
Fax |
E-Mail |
| Historical Holdings Data For: |
As Of |
Shares Held |
