We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think the OZ minerals approach is a very timely bit of M&A for us SOLGers. Noront was a nice example of how a stock can trade on very little volume and flat line at 23cents only to burst into life on a bid from BHP. OZ Minerals much the same. Unwanted and struggling with share price near yearly lows and then boom... BHP make a bid. Now SOLG are not a $6bln acquisition nor are they a $700m job either. It's somewhere in the middle circa $3bln imho. So OZ Minerals will be very interesting to watch and see the twists and turns. Are BHP using this bit of M&A to test their competitors? Will it (whatever the result) make them think differently about a bid for SOLG. Should they win Oz Minerals over, will they then add SOLG to the folio or does that open door to NCM? Or if they fail on OZ Minerals will they make a dart for NCM? I just get the feeling that BHP have an M&A plan and map and this is the first domino to fall and we'll soon see what happens after this one plays out.
I'm off to make a fantasy trade on Oz Minerals which I just sold guys at $25.5 a share after buying at $6.6 in covid downturn. Well happy with that hindsight trade. Oz Minerals for trading... lol!
Cheers big boy....good job I didn't do one then....:)
Very astute of you max.
??¿??
Thanks for the link pad....we know it's coming, what we don't know is when....and not necessarily BHP.
“The research shows a big chunk of all IPOs are still in gold, but many of them are gold-copper with the copper side increasingly relevant.
The most successful Australian gold mining entrepreneur of the past decade, Bill Beament, committed a kind of heresy at the 2021 Diggers & Dealers when he declared gold was “not green” and he would instead pursue a future in “green metals” like copper.
Mr Andrawes expects the local gold industry to remain strong, but he sees battery minerals and green metals becoming a key pillar of the Australian economy”
Like this bit too
“Anyone even halfway advanced in developing a lithium project had electric vehicle manufacturers and battery manufacturers all over them for off-take,” he said.
“From the top end of town, reflected right through the industry, down to the smaller end, there’s strong interest in energy transition.
“It comes into battery minerals, it comes into copper, which is part of the transmission of energy, and even uranium has interest because of the carbon-free element of the power it generates.”
Great find Pad …. You never disappoint
https://www.afr.com/companies/mining/green-metals-boom-leaves-old-miners-feeling-browned-off-20220810-p5b8r7
As deputy chairman of Perth stockbroking and financial services firm Argonaut, Liam Twigger is a well-known face in mining equity markets and the mergers and acquisitions space.
He is also chairman of SolGold; the Ecuadorian copper explorer that many believe will follow OZ into BHP’s acquisition crosshairs.
To be fair it made me chuckle….. the funny thing is if anyone actually believed administration was a possibility they wouldn’t be here ….. tell me another, the one where electrification isn’t the way forward
Absolutely love peoples imagination here, administration has to be the stupidest suggestion so far to date, but no doubt someone might trump that lol
Administration would be a stretch IMO but I could certainly see the share price being further suppressed if the management is continually thwarted in it's attempts to secure new capital.
It goes back to the options we discussed last week whereby we'd possibly see a poor deal executed out of panic and necessity to keep the show on the road.
There's another London listed story that could be worth drawing a parallel too (PUR). They're in production and struggling to get to cash flow positive status for a myriad of reasons. Look at how their major holders Anglo Ashanti have reacted.
It's nice to think we have shareholder base to rely on but whether it happens is another matter entirely.
There is no way interested majors would allow BHP to take this into administration...
My big fear is BHP would be willing to stand back, watch us crash ourselves on the lunacy rocks of going into production and come to the "rescue" when we get in way over our heads. Bit of an ordeal to go through 5 more years of a stagnant or falling SP only to get snapped up in 2027 for 30p a share.
Bozi, I was thinking about some of the speculation on here suggesting BHP could let this go under and pick it up from Administrators for next to nothing, a la SXX.
The institutions have bought into a story and that story hasn't changed.
Addicknt - your comment at 11.25 is probably fair but what do you suppose a Blackrock, Norges or Valuestone would do?
At the end of the day they're all financial institutions or functions of some sort or other.
BHP knows it can call on NCM and CGP to help vote down any resolutions to disapply pre-emption rights which blocks SolGold from issuing equity.
Would it create a ridiculous demand for stock on the open market? Possibly, but they'd all be bidding each other up plus all the little PIs too.
Maybe one of them should just test the waters and buy another 2 or 3%...
"Mather will sell up before any bid will occur..."
Totally disagree...he hasn't come this far to miss out on the big payday...same as us...
There will be an auction...soon...
And on the plus side, we are now only around 8 weeks from Q4….. whatever is going to happen after PFS update, Porv and pre AGM is going to happen pretty soon…
Add, I didn’t mean Mather would in anyway help in raising the funds… I only meant surely he would not sit around and watch his holding collapse in value… I believe he would sell it to any interested major for a decent walk away/get out price before a Sirius style ending…. My best guess is Mather will sell up before any bid will occur, and it won’t be for the kind of price many on here are hoping for.
Orthern, see my comment at 11:25. Mather will be an irrelevance if it comes to raising cash...he doesn't have enough. Our defence comes from BR, Norges and Valuestone. If the solids looked as if they were about to hit the fan, Franco wouldn't be too happy either. We are fortunate to have some stakeholders on-board with deep pockets - SXX did not.
Thought so haha
BTW I'm tiny...
I also share the very same concerns a la Sirius…..and I can also see similarities in the dangers of continued poor management of a superb asset…
one thing in our favour has to be Mathers holding…. Surely he will not allow his holding to collapse in value like Sirius….
I expect him to sell up privately before any bid is made from any suitor… and depending on who he would sell to, would dictate weather I continue to hold or follow him out of the Solg story.. but I can’t see a price any higher than 50-60p
Don't bother,on my account anyway, little man....
Just stay happy....:)
Watch out for my "monopoly trade" coming should we increase later, I'll give you 10 to 15 mins notice just for your benefit.
Now do one.
Touch a nerve little ray.....I am only stating the facts....calling names is very childish grow up to justify your name.....
Bozi, as you know, I share some of your reservation around what's going on here, but I would point out one significant factor - in my mind - which differentiates us from SXX, and that's our shareholder base.
GGP and DGR are an irrelevance, as they haven't got the money to support the company, but BR and Norges most certainly have, as have Valuestone. I simply cannot see why they'd allow BHP to paint us in a corner. At least, that's what I'm betting on.