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Yet again everyone being pleasant except one
And there’s no slug to blame today
Ok seanhunter no longer taking you seriously.
You don't even understand about transaction costs on such trades.
You won't have any transaction costs.
Quady,
Why not try - what seanhunters opinion is way off the mark, why not try that approach instead of what you have just used, that way others will not start arguments with you, just a thought Quady and imo of course
Atb
What seanhunter is ignorant of is their are plenty of tools to see if the share price is being manipulated.
First sign is lots of trades automatic in the 1000's .
Aw well failed the first test.
Time for a cuppa.
So BHP launches A$8.4bn bid for OZ Minerals in August... but, no, they aren't bothered about buying anything at the moment. Did he say that with a straight face?
Meanwhile, an armada of tiny little trades keep our SP down day after day - and the longer we stay down here in the 15/16s the more attractive a lowball offer of 30p-50p would look.
I've never been into the share price manipulation malarky and conspiracy theories down the years, but right now it does seem to be very clear that we are being held down purposely and for a reason. Who would sell 26 shares and pay the transaction cost which is way more than the value of those shares? (That's a rhetorical question - so no need for trading expert Quady to answer it, besides he is filtered).
Is a big buyer sneaking in at this level? Is a big seller sneaking out?
It only took a snippet of good news (merger) and we exploded up to 21p before we were walked right back down again to this level. Every day, when the SP struggles to get out of this zone, dozens of little sells weaken the progress...
It's frustrating, but I suspect it's just the calm before the storm.
A strong finish today would be a good sign that the price undermining has petered out.
It took me years to believe in the 1 share trade RNS code and one week to dispel it for me. But... News is due.
I honestly wouldn't want to be out of this one over the weekend.
So BHP's stance hasn't changed.
They will not offer full price for us.
They won't make a bid.
So we proceed to DFS, to fund raise for Alpala with the various options the DFS opens up for us.
We construct Alpala with minimal dilution which the company has always maintained.
Could it be the streamers are in discussion with us, not for the DFS but what comes next.
Funding to construct Alpala.
So Darrly has sat on his hands and done nothing, I thought he was straight over to cornerstone the moment he was ceo
Red you just come across as bitter because Ingo left and u made a massive drama over it
im not sure what green shoots he is talking about... Bloomberg have a very different view..
By
Bloomberg News
October 21, 2022, 8:13 AM UTCUpdated onOctober 21, 2022, 9:23 AM UTC
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A dreadful year for Chinese markets became worse this week as expectations for stimulus measures at the Communist Party Congress were left largely unfulfilled.
The benchmark CSI 300 Index fell 2.6% this week, taking this year’s decline to more than 24%, while the yuan slumped as President Xi Jinping stood by his Covid-Zero policy, and stopped short of announcing any significant measures to bolster an ailing property sector. Meanwhile, officials spooked traders by delaying the release of key economic data with foreign investors selling the most mainland stock this week since March.
At the same time, further outbreaks of coronavirus threatened to worsen a troubled economic outlook. The authorities locked down parts of the central city of Xi’an, confining some of its 13 million people to their homes, while other major areas introduced further restrictions.
“The market is looking for catalysts, mainly in adjustments in the Covid-Zero policy and stronger support on the housing market,” said Daniel So, a strategist at CMB International Capital Corp. in Hong Kong. However, “there are no major positive surprises to drive a re-rating in China and Hong Kong stocks, and in particular consumer discretionary, property and Internet sectors,” he said.
There’s still another two days for market-positive measures to emerge from the twice-a-decade party congress, with the announcement of the name lists of the party’s 25-people Politburo and members of the Politburo’s standing committee.
Investors are hopeful that policy makers will switch their attention to introduce measures to prop up the stuttering economy once the leadership reshuffle is finalized. The CSI is set for its first back-to-back annual loss since 2011, while the yuan has declined more than 12% this year and slumped to its weakest since 2008 on Friday.
"quite choiceful"!! The word doesn't exist! Why are business people incapable nowadays of speaking English?
I love his strategy: We won't bid for anything...despite having done so twice in recent months. We want more copper, but aren't going to pay for it, and he thinks productivity gains are going to solve the global copper shortage. The bloke's away with the fairies.
Thank you Ortherncopper
Pinot
:0)
“Our view is that China is still going to provide a bit of stability or underpinning to global economic growth over the next 12 months. We are seeing some green shoots in China,” said Henry, pointing to increased property sales and completions.
Steel production in China was likely to be just over 1bn tonnes this year, he added, 1-2 per cent lower than in 2021.
In an update this week, BHP maintained its production and cost guidance for the year as a strong performance in iron ore and nickel helped offset lower volumes in copper and coal, which were hit by wet weather in Australia and labour shortages.
Rival Rio Tinto, which also mines iron ore in the Pilbara region of Western Australia, warned this week that recessionary fears in the US and Europe and the struggling Chinese housing market would damp demand for commodities.
here is the FT.
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https://www.ft.com/content/a9e4b1b1-fcc6-4f76-a026-669683e890ee
The chief executive of BHP has signalled that the world’s biggest mining company will resist the temptation to go on an acquisition spree despite a growing war chest.
Mike Henry told the Financial Times that “we want to be quite disciplined” and that the company would look to exploration, organic growth and higher productivity to raise its output.
BHP’s unsolicited A$8.4bn bid for OZ Minerals in August was swiftly rejected by shareholders, fuelling speculation it might come back to the table with a more generous offer.
However, Henry said BHP would be restrained about which M&A opportunities to pursue.
“OZ is a nice-to-have, it is not a must-have for BHP,” he said at the FT’s Mining Summit. “We have these other levers of productivity, organic growth, exploration and early-stage entry that gives us the freedom to be quite choiceful about the M&A opportunities we will pursue.”
BHP, which draws most of its revenue from iron ore and coking coal, has been on the hunt for growth with a focus on potash, copper and the nickel used in electric vehicle batteries.
OZ completed a feasibility process to kick-start the development of its remote A$1.7bn nickel and copper mine in Western Australia last month. The project will open up a new frontier for Australian nickel production, and its viability could provide more comfort for bidders including BHP in establishing OZ’s value.
Bumper profits last year mean BHP has a sizeable war chest at its disposal, should it choose to pursue acquisitions. However, its shareholders also expect a lot of that cash to be given back to them. The company returned $16.5bn to investors during its past fiscal year.
The mining company has also consolidated its Australian and British share structure — a move analysts say will make significant acquisitions easier to complete — and has split off its oil and gas operations via a merger with Woodside that completed earlier this year.
Henry said he was cautiously optimistic on the outlook for China, the world’s largest consumer of commodities.
China delayed the release of its third-quarter economic data this week, adding to concerns about a slowdown that has been compounded by Covid lockdowns.
Right now I would vote for Elodie, Maria and Kevin because they've done no harm.
And despite my concerns, Nick, because I just think hes got something to do with the CGPtie up...the rest, including Darryl...gone!
0ops No....sorry
Pinot
:0]
Not sure this will work ...non specific but a Bhp read on their world
https://www.ft.com/content/a9e4b1b1-fcc6-4f76-a026-669683e890ee
Morning all coffee and biscuits read
https://www.miningweekly.com/article/woodmac-says-climate-goals-will-not-realise-at-current-mining-investment-rates-2022-10-21
Pinot
:0)
Yes we had drilling stopped during Covid, but we were also told that Alpala was the priority to get us to PFS and drilling put on hold.
Lunch ….. again I agree re the news flow. I know news cannot simply be manufactured but there’s a happy balance
It seems to me the only logical approach is to see what emerges between now and the agm.
The merger is good news, but only if it leads to the realization of shareholder value. As far as I'm concerned, until they deliver this, the jury's still out.
I will also be giving the board my full support on the basis of the recent merger
I agree that we can raise money …. What we need is for the market to believe it . Needs to be there in black and white and until it is any news on MRE2 or PFS addendum will be largely wasted IMO
Maybe LunchMoney, but as you know I been in oil and gas for years.
Trust me Solgolds delays are nothing compared to the oil and gas sector.
On drilling regional program.
We were told that was on hold to escalate Alpala and that is exactly what we have done.
Agree on the 20 tenements JV program for the 10 properties.
But who knows what may be announced in the future.
They are still talking about them so they have not been abandoned.
The cash is a side issue and always has been.
We can raise cash anytime.
Just how we raise it.
I would hope that the endgame now plays out so irresistibly that the board are already completely irrelevant.
Perhaps in a leaner, cash rich, post-Cascabel SOLG it will mater - and it will be obvious who should stay and who should go - we will only need hungry, ambitious go getters who want to prove up further assets, not sit on their backsides until their pensions because that won't be an option then.
I would like to think that - a year from now - that the current board is no longer there. And sadly this board will no longer be here either, because we will have reached the end of our long journey together.
The board have my full support, they have done everything they said they would.
We got PFS for Alpala, we are on our way to PFS2 the upgraded PFS for Alpala.
We are looking at getting a PEA for Porvenir. This could add significantly to the NPV.
We are assured of funding.
We have the interesting CGP development.
What more could you want.
As seasoned Investors you all realise that share prices fluctuate. Especially with the current world environment.
The point is do we believe in the outcome.
I know I do.
They have my full support.
Mister …. Agreed re Nick
Lunch I think it’ll make Nick’s position stronger and they’ll chose very carefully where CGP’s shares are placed ….. no one more aligned with PI’s