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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 š¤·āāļø š¤
BHP takeover of Anglo American big news article this morning on radio 4 with copper discoveries and companies being front and centre of the debate, would not be surprised to see a decent jump today on sentiment as we also saw into close yesterday. So hopefully all the stars are beginning to align š
55p someday soon, if not more !!!
1984, the only interest bhp have in solg, is rubbing mathers nose in it.
Big mistake him thinking he could take the pss out of the big boys.
As they say revenge is sweet..
They probably wrote the 45 million of as a tax loss years ago.
You clearly have no idea how much money floats around in mining.
Adikt you spin is as always misleading.
the ipa your refering to was signed long before the uptick in violence,
and long before the world wide condemnation of the illegal breaching of a foreign embassy.
funny how you never seem to post the full picture, just the narrative you like to control.
BHPs move for AAL actually strengthens solgold. They are a 10% owner here and if they secure the AAL deal they can dig their heels in on their 10% to frustrate anything other than a knockout bid here
Sure itās only 10% but itās a big say
Thats shelfStackEnomicsā¦.put something away you think will fall for the sheer fun of losing money
The boards biggest moron takes some beating when it comes to investment advice šš¤Ŗš¤”
So , it'll just sit on the shelf eh. I doubt that will happen eh Stack?
Give it a rest Stakeumup!
When was the last IPA signed, add? Before or after the president ordered the storming of an embassy in breach of the Geneva convention?
I don't think anyone has been left wondering whether he respects international law. He could claim arbitration will take place anywhere, but will anyone besides solg trust him?
BHP proving they have no interest in solg or similar companies is definitely bad news. Even if this acquisition goes ahead, and (stretch) even if it signals the start of an uptick in m&a, it still doesn't bode well for solg. Shame, we'd all like a nice juicy TO, but it's not happening this year or next. š
NMM, that wasn't my point, although you're right to raise the question.
My point was that we were told the government wouldn't agree to arbitration outside of the country when they appear to already have done so. Mind you, that's not to say they will agree this time, but at least it's negotiable.
Well we donāt have a kine to sell them and never will despite what one posters thinks, but we do have a resource.
Speaking of said idiot, heās been suspiciously quiet! Wonder if heās had his covid booster? š¤Ŗšā°ļø
Hi addicknt
I'd question whether the current IPA still applies. Given SOLG didn't meet the spending obligations under it.
I know SOLG made various proposals for amendments etc...
... but I'd still prefer a revised IPA signed ASAP. Whether International, Chile or Ecuador arbitration.
I could have sworn we were told this morning that this was bad news for us. A bit like the referendum result which didn't change anything. On that point I notice none of the doomsters who told us arbitration would be non-negotiable and adjudicated under Ecuadorean law, have said anything about the revelation that the current IPA specifies Chile as the destination for arbitration.
Agreed Fort ā¦.. add to that the help IMF has just given Ecuadorā¦.. real show of faith 4bn
Schlemiel, that bloomberg para really does stand out. Nice find.
"Simultaneously, industry majors probably will accelerate their hunts for other large or fast-growing copper assets to keep pace with BHP."
Anyone know where there is a 100% owned tier 1 copper/gold monster sized mine up for sale that isn't in a super majors hands already??
It's been a very long hard wait this one... but stars are indeed aligning now in 2024 for SOLG.