Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Anyone see the 38146 trade after 10.36 today that our hindsight trader was referring to this morning?
Seanhunter the delays have been explained.mostly COVID related.
If you don't believe the company, then may I suggest you sell up and invest in one you do believe.
Does anyone have the actual document explaining the price target of 49p?
SharketMare companies do not behave like you suggest.
You must be incredibly gullible to say what you have to support your world view about a bid.
We have no bid and Solgold have explicitly said they are not talking to anyone about a bid.
Today we have an announcement of another bod member joining with experience in delivering a large scale mining operation. Do you honestly think they have done this in order to bluff the wider market.
You are living in fantasy land .
They are the research arm of Clarksons shipbrokers. Clarksons, a UK firm, merged with Platou a few years ago and are the world's largest shipbroking firm. Coincidentally, I acted for Platou on another transaction before the merger.
Zoros no idea. Don't know Clarkson.
j maria imbarra - I was using other brokers valuations.
While you are on - wtf are clarskons platou??
Z
BHP -6%
ANTO -23%
LUN -35%
RIO -11%
AAL -22%
GLEN 1%
SSRM 1%
SOLG -3%
Quady, there are some very loyal, very long term holders on here but I doubt even they believe everything the company says.
There has been wholesale change at the top. I don't know these people, I don't trust them, I don't believe them. I will, however judge them on their actions and results.
$4 million went missing. i don't condemn or judge. But you believe everything the company says.
Targets missed, results delayed, no shareholder value created in 5 years. But you believe everything the company says.
I think I hear your doorbell ringing mate - go answer it, it's the wallet inspectors.
Quady, what is complete fantasy is you thinking that dilution will be minimal if we go to production solo. You (as ever) take news from the company that supports your own viewpoint as gospel, and come up with a myriad of excuses to let the company off the hook when they say something and then fail to deliver it, or do something totally different.
You are the master of cherry-picking, if nothing else.
There are many, many good reasons to not take what the company says at face value. Most people with half a brain and the ability to think critically can see this. For example, stating that you intend to take an asset into production even if that isn't your actual aim is a good tactic for squeezing the highest price out of any potential buyer. Likewise, in this instance, claiming that dilution will be minimal is beneficial because to say anything but that would have existing (and prospective) investors running for the hills.
How can you not grasp these very, very basic concepts?
Seanhunter have you listened to anything the company has said.
Your last post is complete fantasy.
"Seanhunter dilution will be minimal. I don't know how many times the company has to say it before you listen."
And lockdown will only be for 14 days - to flatten the curve.
In my time with this share, the company have DOUBLED the number of shares in issue.
Dilution is picking the pockets of your existing investors. You think they are going to announce it beforehand?
You seem to have a death wish for your investment here Quady - you seem to actually want them to do the worst possible thing for you as a retail investor here at this point in time.
When the big shows starts, you will be in the cheap seats, and the years go on those seats will be cheaper and cheaper and pushed further back from the stage. certainly, you can keep on buying in and buying in to keep up the value of your investment and the possible eventual return - but as an investor with shares today, who wants to sit on them and watch that set investment grow, you are endorsing a course of disaster.
Minimal dilution? What the eff are the alternatives that will not damage the share price anyway? Dilution is the easiest way. As every Government now knows, you just print more money. Of course it devalues the money that was there before, but it solves the Government's immediate problems.
Printing billions of extra shares, new debentures, loans, financial packages , joint ventures, leveraging out and out into the future - take your pick and defend them all you like. The market will see it for what it is - a catastrophic level of risk against the amazing possibility of pulling off successfully getting into production.
There are some lean, lean years ahead of us mate before we see the Promised Land.
Not much to look forward to when we were sitting at 25p in 2017 and are still sitting at 25p today - 5 locust years behind us and nothing but blood, sweat and tears ahead.
Every time you try to defend this, you sound more and more like Comical Ali.
Seanhunter dilution will be minimal. I don't know how many times the company has to say it before you listen.
"It's clear you have no idea how building Alpala will increase the share price not decrease it,"
In the end Quady yes, it will certainly increase the MCAP. Probably not the share price though as the dilution involved is going to be immense.
But until production is actually at an advance stage and showing dividends, it is nothing but a gamble, a risk and a vast expense. The lean years will be long and painful.
I won't be posting on this board much if ever again once the dilution tap is turned on - I'll be a trader and no more, looking for daily movement, with no real right to give an opinion on where we are heading or how we are performing. But until then, I'll be here to warn you.
Seanhunter what are you on about.
It's clear you have no idea how building Alpala will increase the share price not decrease it, as the assets we build are part of the NAV.
That's not true Zoros this is a new recommendation.
Thats DOWN from the last @ 105p.
You couldn't make it up could you?
Z
SolGold Rated New Buy at Clarksons Platou; PT 49 pence
Watch out for the trade 38146 addict at some point today...
7 years Zoros, more like 17.
With the SP depressed for a decade and almost non-stop dilution, BHP can afford to sit on the sidelines and watch us knock our pan out. When we are exhausted in every sense of the word, they can swoop in and kindly take the whole show off our hands for a pittance. Or even if they pay $5billion say in 2030, with the coming dilution that'll probably be 25p a share by then. Revenge, they say, is a dish best served cold.
We get rescued by a bid, or it's the long dark low road from here on in.
SharketMare - best post for ages - concur 100%
This rejig of company exec's reinforces Solg's aim to go for production primarily and a JV or increase in partnership stock or a bid - if they come along, will be looked at sympathetically, methinks.
The thought of another 7 years with Solg does my head in.
Z
Z
Morning copperpot, hope you're well.
I agree that an imminent bid does not look likely at present. There are a few things going in our favour (somewhat) if you want or believe a bid is in the offing.
1. Tumbling copper price - value of the assets in the ground has declined over the last few weeks. Benefits majors looking to acquire projects.
2. Majors are cash rich.
3. Funding for juniors/explorers increasingly difficult to access in this macro economic climate. They will be forced to raise at lower price.
4. Explorers are currently unloved by the market and are looking cheap and vulnerable to lowball offers.
If you're a major, conditions to snap up assets at bargain prices don't get much better.
Today's senior appointments demonstrate that the company is setting itself up for the long term. For me, the question is whether that is long term for the rest of the portfolio, i.e. Porvenir and the other tenements. Or, whether this new team plans to build Alpala.
The sole hope I have for this share, this year, is that we agree a JV with BHP and/or NCM that drives a re-rate of this stock to a suitable exit point. I'd be happy with 45p and I'm sure many others would too.
Good luck to all those trading this over the next few months. I will be doing the same!
I have a question for you addict as you claim everyone knows my game? Do you not believe I'm invested here despite me stating my buys yesterday morning?
The difference Fortissimo between a poor old PI, selling out early, and an II, is that the big boys aren't dealing with their own savings or pensions - hence they can afford to think in terms of decades. Them buying in at 35p doesn't matter today, at 26p, they can wait it out Are they taking a stake? Of course. Is there a prize here? Yes, ultimately.
But who here can really happily wait another 10 years? Some yes, most no.
Will this end up a vast resource worth a fortune and producing massive income? Yes. Is there a path for anyone of us here today to get a fair share of that based on our existing investments? Without a bid right here right now, no. We are going to get crushed under the wheels of production and endless expenditure. We were only the seed money. A tsunami of dilution is coming. Yes the big boys will be fine, the big boys will ALWAYS be fine - that's why you can't compare their strategy to ours: they can take the knocks along the road that destroy the small fry.
To get best bid or best deal at the negotiating table you have to be in a strong position and look like you are capable of delivering on the project scale required.
SOLG is a doing their best to get best value out of the assets and avoid a low ball take out.
I think Mather wants to rinse and repeat with the folio so perhaps a JV deal on ENSA likely although still think IPO of ENSA the best option. Notably two appointments today are Ecuador / Quito based. Important if you are ticking the boxes as being an Ecuador company for Ecuador. You can't run an Ecuador business from Brisbane.
Exciting stuff. Norges adding. Blackrock adding and by sounds of it Sean and co selling. That's what happens with the big prize stocks. Shares move from pi's hands into ii's hands and the latter get richer.