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Just watching the tumbleweed blow past...
Meanwhile...
https://www.mining-journal.com/m-amp-a/news/1437819/bhp-wont-pursue-oz-at-any-cost
Doge also flying again today, Happy holidays !!! Just like buses
Rumours flying around the city that this is going to pop. BHP are walking away from Oz and perhaps now is the time they will make a play for SOLG. Watch this move very quickly when news drops.
Up over 5% already, people and insto's finally joining the dots, or know the time is close.
50p - I take it that's for Porvenir or another regional Horse?
£1 Cascabel
£1.50 the lot (however we would reluctantly accept £1.32)
BHP could take SOLG out for lose change if they really wanted the resource really badly, by that I mean at least 50p..
SP drifting up nicely - could we see the dizzy heights of 24p today?
BHP's underlying full -year profit up 26% to £17.69bn.
I missed the black mail article. Can anyone repost it please
It does feel like there are factions that are determined to rock the boat and instigate some kind of takeover, JV etc.
SOLG has been in a kind of limbo for at least the last 12 months.
Add …. Who knows how accurate that article was , if at all, but with the AGM looming and at stand off seemingly taking place , something haas to give …. Been a long time coming
sean, what would you do if you were in their shoes?
Yesterday's article suggesting they were blackmailing us was utterly outrageous. If true, it suggests our relationship with them has broken down completely and flies in the face of the peace treaty announced last year.
We have no way of knowing if it is in fact accurate, but if it is DC needs to face them down and push ahead with something else, even if it does provoke an open war.
We seem to have reached a crunch point with these blokes and we cannot allow them to push us around any longer.
BHP certainly do look flush at the moment. Even if they came at us with a lowball offer it would transform our situation instantly. But do they make a move now or wait till we are in a state of distress?
Lots of positives to take from that article tks mog999
The trouble with "Keeping some money back" is that $5bln soon becomes $4.5bln in this high inflationary environment. Perfect times for M&A as cash Is deployed into value increasing assets. It does make me laugh when BHP say their first offer was full and fair. BHP clearly didn't make a full and fair offer for Noront at 55cents as they increased it to 75 cents just a month or so later. OZ Minerals share price currently $26 against BHP's offer of $25. My guess is that they'll nudge that OZ Minerals offer up to $28 and say that's a great deal for shareholders and I reckon that will get knocked back.
But contemplate this, if they do up their offer by only 10% and then genuinely walk away, OZ Minerals share price will fall back into the teens. And then guess what... they make a bid for SOLG and say the usual 'fair and full' statements and when they raise it by just 10% or 15% a second time, it's going to make a lot of us think hard. Just as Noront was a great case of a stock that got bid from 23 cents to eventually 110 cents, OZ Minerals might end up being a warning sign if it fails early.
I do wonder if BHP are setting the scene with Oz Minerals bid. I guess we'll find out. All part of the M&A game.
mog999,
Nice read, cheers
Keeping some money back
strong results and reduced dividends for BHP today
Can't be long before BHP knock on our door
https://tinyurl.com/5n769bd9
DK
Download Libre office excel spreadsheet (it's free) and set up your own monitoring tool. It's simple to do
https://www.libreoffice.org/
Each column for profit-loss monitoring
A.Date of transaction
B.Stock name
C.Amount
D.Offer paid
E.Transaction cost
F.Total cost (formula is =C3*D3+E3)
G. Bid price
H. Transaction cost
I. Total value of trade (formula in cell is, =c3*g3-H3)
J. Profit/loss (formula in cell is, =I3-F4)
K. % profit/loss (formula in cell is, =J3/F3*100)
I use Excel spreadsheets. Many intangible advantages to that compared to relying on an electronic platform.
Evening all. Would really appreciate a bit of advice/knowledge. My portfolio display and usefullness with EQi is poor to say the least ( doesnt even show daily gains/losses ). Could anyone suggest a good ( free if poss ) and basic portfolio tracker which would give me these basics and perhaps a bit more. Bearing in mind I am a bit of an old technophobe, please go easy, not too complicated :)
Thanks in anticipation
GLA
DK
Let's see if admin believe your 19 plus posts slug.
Good night.
Where does it say that having a 10% shareholding entitles a party to a board seat? Is that in Solg's mem and arts? Or just an assumption? I thought NCM's and BHP's rights to nominate a board member were contractual, arising out of their subscription agreements when they made investments in the company.
He also has a deletion crew on board as they are as thick as he his so my post won't be around long.
Never fear, I have a copy to paste at any time it's needed.