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All good for SOLG...
Reignites Mining M&A
Makes those hanging back for deals get a move on.
Kicks the Chinese...they won't want the Anglo deal to go thorough, threatens their copper dominance.
Anglo has rejected it largely on copper, saying it undervalues them.
Based on history, BHP likely to come back with a higher bid...don't like losing..
If they can't get Anglo where do they look instead...SOLG...?
And this might just chivvy Jiangxi to come off the fence and bid for SOLG...
The only way is up and the market is beginning to catch on...
Not sure if shared already:
https://www.bnamericas.com/en/news/solgold-looks-to-make-cascabel-a-net-zero-carbon-mine
William Middlekoop posting lots on Twitter about gold miners about to breakout, China buying/importing gold, 2nd biggest worldwide silver shortage in more than 20 years.
Otavia Costa posting similar on gold miners breakout - very interesting as it shows Newmont likely to lead, followed by Barrick and others. In order to retain that lead, they will need to invest in big gold mines....
https://x.com/TaviCosta/status/1783586318766797141
Copper socks are all the rage
Bloomberg: Anglo Rejects BHP Takeover Bid as Significantly Undervalued.
One way to fight off unwanted approaches is to counter punch.
Just imagine if Anglo pitched a bid for SOLG. Talk about putting the cat amongst the pigeons... win win.
Well lets face it... after BHP's move, I suspect just about every investmernt house out there will have 'copper' and M&A on the monring list of analyst discussions.... in Wolf of wall street style.... right everyone... today we are going to find every single company that is associated with copper, do a full research on them and then just buy the socks of them all.
PoG set to test 2800oz this year and copper to break $5 very soon imho
The market has been asleep at the wheel... and BHP just woke them all up.
Nice buys going through
Two things for you to read need a shyte
1. A dictionary, your spelling is disgraceful
2. RNS dated 10th October 2016 “investment proposal from BHP”
See what you make of that and whether they’re interested in this resource or not
1984, and one or two other experts. your premise that bhp are concerned about there 45 million investment in solg.
In 2022 there profit was 33, billion. That's 33 thousand million.
They invested 45 million in solg.
Twiggy was estimated to have spent upwards of 20 million on his fmg 20 year anniversary party.
Private jets and Accomadation for 2000 high and mighty guests.
He lost a billion closing a mine he bought the year before.
I should stick to heat pumps and margaret thatcher mate.
It's more your forte
Obviously Anglo and solgold are totally different but the great news is that the mining M&A cycle is well and truly under way. First acquisitions and mergers of existing producers then they snap up proven resources
Given the political tensions between east and west and the recognition that metals must be secured, we may see a real frenzy this time around and companies seek to secure undeveloped resources to protect their futures
Fort.
Nobody is overlooking solg.
What are you in denial about.
Many, many have looked, and many, many have run for the hills.
Do you seriously believe that there is not one major who hasn't run the solg figures.
Cuckoo land
Fort comparing Anglo with solg.
The insanity gets worse.
And eloro, you tell me he's one of the good guys?????????
Article on the complexity of AAL
https://www.news24.com/fin24/opinion/pieter-du-toit-last-rites-for-sir-ernests-anglo-american-from-global-giant-to-bhp-target-20240426
Talatum,
there's a few FTSE high influencers already complaining about the poor valuations in the FTSE and that they are gifting value to rest of the world and as such FTSE losing ground as predators often listed elsewhere etc. There's always been alot of protectionism toward chinese companies taking over FTSE stocks and it's quite rare so not going to happen. That said... somehow.. over the decades the chinese seem to own pretty much everything in the UK in some form or another whether that be infrastructure, ports, docks etc.
Bottom line is... this is very very very good for SOLG as there's no way on this planet BHP are letting SOLG go for peanuts.
So lets get a chinese bid tabled and then lets see who comes out of the shadows in this now very highly aggressive and competitive mining market.
Unleash the dogs Bob... let them go. Let them fight it out.
Metooooo, precisely why the Chinese may same its time to move.?
"The chinese must be feeling that it's time to stop kicking tyres and secure their copper/gold resources " Fortisimo , Who knows your view of Chinese feelings may lead to them (Chinese) bidding for Anglo and not Solg.
What a ridiculous post from ColonelDrake, since when are Anglo American just like Solgold.
Scott The Rocks Caldwell is so inept, I fully expect him to drop the ball. By the time he becomes aware of the bull market it will already have passed. He doesn't have the skills to get buyers to look at our assets. Track record is the fact that we are still in the dark regarding what he is doing, aside from being inept.
BHP have fired the starter gun. Just watch this sprial through sector.
And if BHP don't get Anglo... surely it's a no brainer to snap up SOLG.
May be it could have a "negative" effect in the shorter term. Big guys don't want to create a sort of market panic through multiple potential transactions. Our guys need to do some noise.
Now's the time to start tweeting.
The chinese must be feeling that it's time to stop kicking tyres and secure their copper/gold resources before it all gets gobbled up by players that are in the pockets of higher powers (politically) that want the chinese thwarted on resources.
If BHP got hold of Anglo... it would be like an OPEC of copper. Mmm!!!
AAL rejects the offer - there's a surprise.
Their RNS focusses on copper and despite the fact it only represents 30% of their production, they very clearly identify it as the main plank of their defence.
Basically says it's 'all about the copper' and mining industry in shock.
Biggest shake up and M&A likely to be seen for decades.
Looks like the great scramble for the metals of today and tomorrow has commenced.
Surely even the thickest of markets can't overlook SOLG's tier1 world class copper stuffed full of gold asset.
We should see a nice rise in the SP today Novice - hopefully smash through the dizzy heights of 10p.
AAL have rejected the offer from BHP as clearly undervaluing the company... whooo hooo over here, I wonder what other companies there are out there with huge copper, gold ' silver resources and happy to go for 5 billion 🤷♀️ 🤔