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Quady the vulture/Jack Russell on a Transit Dashboard was obviously lying in wait for me to post anything so he could do his stirry stirry post affirmation thing.
Went off like a gold miners cart full of hot Nitroglycerine on a bumpy road.
And as usual I didn't mention any names because I have no way of knowing but The Ego assumes we are always talking about him.
Plenty may detest Slug, only one is obsessed by him.
Calm down dear.
Lunch, on i) isn't it preferable for SOLG/CGP to keep these shares in 'safe' hands for the AGM (to redknight's point). Although you'd assume whoever they were placed with would be 'onside'. Point ii) is a good one.
Based upon DGR Global's RNS of 11/11/22, the Osisko money will be used solely for the development of Cascabel. "Proceeds will be dedicated to expenditure to advance the CascabelCopper Gold Porphyry Project in Northern Ecuador." I think we have to assume (and hope!) that they haven't communicated something wildly inaccurate to the market.
https://wcsecure.weblink.com.au/pdf/DGR/02597094.pdf
Which does of course leave the question of funding for exploration, which is clearly what Mather wants. The most obvious option would be to sell Cascabel to the highest bidder, return some of the funds to shareholders and use the rest to repeat the strategy across the portfolio. But I'm sure we'll be thrown a curveball or two instead.
Jezzoo I see our chief stirrer is stirring again and as usual is wrong.
Yes, I knew he was Slug, but Copperpot convinced me not to report him as long as he wasn't vile.
So, I didn't.
Plenty more on here detest Slug.
"RK, I didn't see the answer and in any event the various related posts were removed...not sure why."
"Ah because RichBetter was the Slug..."
36 hours of useful commentary deleted due to the ego of one poster no doubt.
So...MM sitting all day on the Bid for between 200k/350k...if its not a big buyer what is it...?
RNS tomorrow announcing the CGP shares have been placed at 20p?
Just thinking out loud.
Ah because RichBetter was the Slug...
300k
IN smaller size 19.04/19.0389
RK, I didn't see the answer and in any event the various related posts were removed...not sure why.
agreed...
re AS see my post earlier today...
If they do sell the shares I hope they sell them to a financial institution which is only interested in making a short term gain...a sort of arbitrage position. In order to make a bidding process effective, the last thing we want is for them to fall into the hands of a trade buyer.
Also keen to know why AS left, Red...
It's not like (m)any of the directors are still around now so its water under the bridge...
red, that makes sense to me. It'll be interesting to see how the likes of Blackrock, Norges and Berry St vote at this year's AGM given the turmoil of the last few months. As I said the other day, corporate governance clearly has gone out the window.. whilst the mining.com article was amusing, having someone tell two of our major shareholder to "go f*ck themselves" isn't really what institutional investors like to see.
I'm going to drop Fawzi a note this evening asking whether the company is sticking to its guidance of Q4 for PFS/PEA or whether everything is now playing second fiddle to the strategic review, which is all we really seem to be focused on at this point. Will let you know if I get a response.
RK, it's the same process for all platforms. I use HL these days, but I've never thought of it in terms of it being a 'firm' quote. It's merely the price and I can decide to transact or not.
In ship broking you will see firm and indicative offers - the latter meaning there's no obligation involved and is really just a means of testing the water - excuse the pun.
With regard to the other question; you said you knew why AS had left...care to spill the beans?
19.0089/19.0082...
We have a backwardation again...firm prices...BID 19.0193 ASK 19.0188...!!!
Stille leads me to believe one MM has a big Buy order...
Its an interesting question SM...
For my part, if theres going tp be a takeover battle, the starting share price wants to be as high as possible, so I would want a share stake sale AND Porvenir AND PFS2, but...
If it hasn't gone through pre merger, I belive the company could hold the shares in Treasury with no need to redeem them.
Why might they want to do that?
To keep the 'bid friendly' Directors in place at the AGM, so...
20% CGP + Nick an Associates (20%) plus 6.7% gives 46.7%. If PIs largely throw their weight behind Nick that could be say 55/60%...
Then there is voting for whatever resolutions are proposed...we'll find out soon...35 days Notice was given in 2020 and 26 days in 2021. The AGM is on 22 December. So..any time between 17 and 26 November...?
Afternoon LM, on the potential placement of CGP's SOLG shares - do we still think this is something we'll be looking to pursue after securing our short-term future with the royalty deal? If so, I would hope that the company first releases the PFS addendum and the Porvenir PEA in an attempt to nudge the share price up a little higher, thus improving the placement price.
That was a short film RK (8 minutes)?
BOF
Z
So addickt...I just got in from seeing 'The Lost King' and I've done a dummy trade which shows that I am firmly bid for 280k at the market price 18.86...
Which shows that the underlying demand is still there...
Have faith...just got to breach 20p...
addickt...its when I put a sale order in 200k on the II website.
I get quoted a firm dealing price when I press "Preview Order"
If I then press "Place Order" it is instantly transacted at that price and in the size specified.
Its what you might call a 'dummy trade".
I once accidentally pressed the 'Place Order' and the deal was executed. I had to buy the stcok back for a small loss...lesson learned.
So in fact it is more reliable than a verbal quote until in the latter case the dealer reads out the specific terms and asks "are you prepared to go ahead"?
But I donall my deals electronically. II is almost faultless and I almost never fail to get the size and price I want.
Hope that helps?
PS If anyone ever wants to know what the live price is for a specific size of order, just ask and I will find out.
Its why I don't bother with Level 2...
20p is resistance for now folks
Hope the placement of shares is too Fortescue for 27p minimum
And opportunistic
Forget Newcrest is my view. If they get involved from here it is purely optimistic.
BHP don't have to put up. They only have to be leading the race a stride from the finish line, not from out of the stalls.