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Question was for putin1.
It is nothing; we are in one digit space rather than close to 75. That's frustrating.
5p , how did you work that one out? Why not 3p , or 6p? Interested how you work out your valuations.
75p? Wake me up before 5p.
FatherTed
You know what they say, buy when all the going gets rough, at theses prices its a steal for one of the big boys, as you say they can easily finance this themselves
Atb
No, I am far from it. But I don't think the whole world will stop building mines just because we are suddenly back to something like normal interest rates. Especially when our only likely suitors are large enough to self finance with their big cash stashes anyhow.
FatherTed,
I think you’re spreading spam, people don’t need to be fully up on mining to invest in it, a basic understanding of investing is good enough, I say this because we don’t have any control over our investments, we just have to rely on the ones in charge, if you don’t trust them then you sell up.
Many think they are an expert, but it’s out of our hands, we are just following our beliefs, which is good enough for me.
Can I ask, are you an expert then?
Atb
I've had ham sandwiches with a deeper understanding of mine building than you display here.
Mathersfinger, I agree that the Chinese are making progress with their chip industry. USA worried that TSMC would fall into PRC hands. I am thinking that it will take time for China to find new markets to replace the USA market which they have depended on for so long. I don't care who buys solg, I just want it done before I expire like you said. I am so fed up of listening to Scott droning on about the rocks.
As long as some of that new found wealth is redistributed our way a little flying high I couldn’t give a monkey’s aunt buddy …
But I suspect that bribery and corruption would be of a catastrophic level if that was to happen buddy
I agree a stimulus package will help us... it will help all the mining sector... but I doubt it will be the same scale as in 2008..
With regard to pricing in regard to forward metal prices... I don't buy it... any agreed price, of any potential sale would be based around the here and now.. live current prices.. You don't agree a sale of a house or any asset, based on what it may be worth in the future.. (with the exception of antiques maybe) and current metal prices are where they are..
Alpala will be priced at current prices.. It would be nice if it was priced based on potential future prices, as that will benefit us... but any buyer wants a great deal, wants to pay as little as possible and will use the prices that suit them... and every potential suiter know Solgold are not in any position of strength.
As I said before Orpherncopper, the market thinks Chinese will kick off Stimulus package soon. And that bodes well for risk assets and commods.
Furthermore, surely it makes it all more important that China lands a nice cheap gold/copper tier 1 mine so that when the rest of the world is paying double the metal prices due to short supply and high demand, they'll be laughing their heads off.
And when I say cheap... anything sub 75p for Alpala is cheap based on future metal prices/forecast demand.
The US is collapsing and Eurasian economies are linking up with Russia to preserve their wealth. In Senegal there have been massive pro-Russian demonstrations. British and French embassies rushing to evacuate Africa as the people are booting them out.
Make no mistake about this, global wealth is being redistributed like never before.
The Ukraine war is a smokescreen as sad as it is that huge numbers of mostly Ukrainians are being killed.
This is really about wealth and people in the UK feel virtuous for supporting Ukraine and the environment.
In reality we're all just getting much poorer, Ukraine is being totally destroyed very methodically, which takes time and the environmental impact is just shifting away from us to other countries gladly benefiting from a standard of living the west have deprived them of for centuries.
It's truly remarkable!
Global boiling, slava Ukraine, it's a great and very tragic deception, but I'm glad for those poor nations getting richer from the stupidity of British people.
Ortherncopper,
I suppose it depends on your source and if it stands up to some scrutiny, remember the U.S it doing it’s dampest to bring China down, also enticing? Blackmailing the west to go along with their goal.
If what you say is right, why is Brics expanding with some of the wealthiest countries joining?
China/Brics are doing very well, latest news https://www.youtube.com/watch?v=jptu-wpPWjg
The dollar being excluded all the time, so why would the U.S and the west tell lies?
Food for thought
Atb
The belt and road is not really kicking off.... its got huge problems
https://www.youtube.com/watch?v=xG9ginpHOUM
Forgot to post a link
https://www.youtube.com/watch?v=GlJzeVXLPaQ
Atb
Eloro
Regarding the Chinese and chips, they have made major steps in producing their own chips. TSMC who moved to U.S have now been turned over by the U.S, usual lies to get them there, then s*it on them, so they are now going to build in China and work with China.
The Belt and Road idea is really kicking off, the West listening to the U.S are losing out, some in Europe now ignoring U.S and dealing with China.
So it looks like U.S has had its day in many ways, dollar becoming well over valued, s*it to hit fan soon
Hope Chinese mining does come on in, at least it would be built before we all pass away lol
Atb
Agreed DBW. Sooner rather than later. I don't think I will be able to withstand another year of more talk about rocks, phased approach, and being allowed by the wife to buy more shares after decimating the SP in the first place.
Eloro ….. IF the Chinese want Cascabel they will get it, hopefully they will have some competition along the way.
Fort, my point is that the West is now in a trade war with China. Strategic resources initiatives are cutting the out of buying Western resources and companies. The latest is Nvidia being banned from selling IC chips to China. If this continues, it will hurt China's economy. Plus, the West is China's largest market. With the trade war, they cannot sell to us like they used to. That will hurt.
Rcgl2, there is much talk of a copper deficit. At some point in the future, if not now, Cascabel will be profitable to mine. The Chinese knows that. They are the best bet for a bid I think. They don't get hang up on human rights issues, unlike us.
How much do Chinese companies care about the economics versus just securing copper supplies? For the majors or other western countries not only does the mine have to be profitable, it has to generate sufficient returns on their capital to pass all their screening metrics. They don't want to be barely breaking even.
Is this the case for, say, Jiangxi? Or are they just a front for the state and priority number one is to secure the resources even if they don't make much profit? Presumably if BHP were to buy Cascabel, they'd ultimately be selling most of the metals to China directly or indirectly anyway?
I honestly don't know enough about this so maybe haven't formulated the question properly but what I'm getting at is are the Chinese companies going to be our best bet because their incentives to secure the assets are different from the western mining companies?
OK someone to give us the 25p and let's stop this circus.
You won't get any argument from me regarding globalisation and outsourcing of our jobs to China. I was working in Canada at time all that started. I was the lone voice in our company against outsourcing. Management wouldn't hear of it. I was told that I needed a paradigm shift. Lo and behold, the Chinese stole every idea that wasn't nailed down, and then we wonder how they became the number 2 economy.
China are not in a fight economically at all. They are just going through readjustment to lower growth rates. They were growing at a diabolical 12% at one point. They are now down to nearer 5% to 6% levels. The UK can only dream about 5%... we are lucky to do 1% right now. The US with their fabricated disney land economics whereby they print confetti dollars are apparently growing at 2%.
Without China... most high end brands woul wobble. Just look at Apple recently? China slap a small ban on some uses and Apple share price falls. The fact that they are communist as opposed to the west, also helps in terms of maintaining economic controls. In the US, the play roulette with politics, let the country almost default on debt at 11th hour. They can't even elect a house speaker. They had donald trump as President for goodness sake and then followed it up with Biden who looks like he can barely walk or talk... why can't the US find a young vibrandt smart president???? Someone that isn't over 70?
The downsized PFS due in Q1 24 (apparently) is designed to bring in the likes of Wyloo, Endeavour and other sub $10bln market cap players or even sub $5bln players. Addicknt, I think they may have ad a few of these interested already months ago but the stumbling blokc was the $3bln capex. I think the only way to draw BHP out is to do a deal with one of these NON Super Majors or with the Chinese. Then and only then will BHP show whether they are interested or not and counter offer.
The good news is that ENSA is owned 100% and that makes it very easy to get JV's away small or big.
Many of us on here have said super major try underhand tactics and screw the little guy. Most of us got shot down for saying it. Would not surprise me one bit if BHP have loaned some stock out to some spiv outfit to mess wityh SOLG's share price pre AGM. It's certainly working as investors are frustrated and many looking to show that through voting.
I can't believe Maxit wasn't or isn't prepared for this scenario whereby the share price gets squeezed on no news and shareholders get heated pre AGM. Surely they saw that coming?? Or as I said a while.. does it help them them when delivering the first low ball offer deal?? Lets face it, if a deal got offered at 25p months ago... most would laugh it off incuding BHP. At 10p... to folk not familiar with SOLG, 25p will look like a handsome offer. Very credible.