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So like many I also got home to find to find a couple of love letters from SLOG bless em.......
Voted t'other day anyways so largely academic now..........
V interesting they're reaching out like this..........mmmmm
Well nowt I can do bout it other than what I've already done with me votes so its in the lap of the gods now - what will be will be............lets hope for all concerned its positive for us stalwarts...........[you know who you are lols]
atb folks gl r's bn.c
ps - i weren't too impressed with the assays so far at porv' - however just goes to show i know absolutely nothing as the meerkats seemed to like the news - go figure...........
thanks for the replies but though it encourages laziness was the general consensus of those that actually own shares to vote yes or no, I’m thinking NM is probably worth backing so yes, but if the majority think no I’d need to go back and have another look. Now thinking I should have spoken to the guy from Solgolds auditors who phoned me earlier today.
Lots going on here. This may be the first of a transformative 3 weeks for the company.
Thinking about the future this evening as the Western world looks set to end 2020 with the greatest fall in economic output in 300 years. Whilst China posts a year of growth.
The virus has weakened every single major economy and contributed considerably to the downfall of the only world leader willing to stand up to the Chinese. Like him or loathe him, Trump called it right on China and Obama and his predecessors' failure to do so will go down as one of the greatest foreign policy failures of the modern era.
The media is awash with news of China driving the global economy. From Africa to Ecuador, Chinese investment will look very appealing as all other developed nations seek to get their own houses in order before spending abroad.
Securing assets vital to 'building back better' will become a priority not just for major miners, but for national governments too. China has done this for years, but I expect the US and the EU to play a much more proactive role in securing the future of the metals required to keep industry going and economies recovering.
I wonder with his latest move, whether Nick Mather has overplayed his hand. Whether inviting the Chinese into the nest has prompted a shift in sentiment amongst BHP and NCM, and this AGM presents a good opportunity to oust him and secure Alpala et al for themselves.
Remember, China have a massive foothold in Ecuador already. Should Jiangxi be allowed to build a sizable stake in the company, they would be in an incredibly powerful position to become the preferred company of choice to build Alpala, Porvenir, Rio and La Hueca.
The leverage Jiangxi would have - essentially being an arm of the Chinese state - would be unmatchable. Push has come to shove for BHP and NCM. The next few weeks will be box office.
ToS, it is the former. Ordinary resolutions need 50% of the votes cast at the meeting. Special resolutions need 75% of the votes cast at the meeting. They don't need a majority of total shares outstanding.
BHP says copper output needs to double in 30 years, criticises pricing system3 Dec '20
(Reuters) - Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday.
Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the world’s biggest economies including top carbon emitter and top metals consumer China.
“Decarbonisation and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves towards a low-carbon economy,” Tariq Salaria, vice president for sales and marketing at BHP, said.
“To keep pace with these mega trends, copper production will have to double over the next 30 years,” he said in a video broadcast at the China Nonferrous Metals Industry Chain conference in Shanghai.
“Copper has become synonymous with a low-carbon economy,” he added, while calling for more Chinese participants in the Copper Mark sustainability initiative. BHP signed up for the group in November.
I’ve got a question on this..... say only 80% of shares are voted. Is a majority considered 50% of the quorum.... I.e.in my example only 40% of the overall shares held.... or does it need to be 50% of the shares in issue to pass a resolution? I think it’s probably the former, which is why Solg are scuttling around to ensure PI support. Generally, many PIs don’t bother voting. In this context, the BHP/Newcrest/CGP holdings, and combinations thereof,, could be problematic.
Provided an update on its Porvenir Project in southern Ecuador, held by Green Rock Resources S.A, a 100% owned and unencumbered subsidiary of SolGold. Assay results received for first 758m of drill hole one at Porvenir (PDH-20-001): 748m @ 0.59% CuEq (0.43% Cu, 0.22g/t Au) from 10m to 758m (open at depth) at a cut-off grade of 0.10% CuEq, including; 644m @ 0.65% CuEq (0.47% Cu, 0.24g/t Au) from 10m to 654m at a cut-off grade of 0.20% CuEq. PDH-20-001 was terminated in visible chalcopyrite mineralisation at 909m and assay results from 758m to end of hole one at 909m are pending. SolGold shares T.SOLG are trading up $0.05 at $0.68.
You left out hostile takeovers...whcih actually achieve better value for shareholders...
"Shareholders of hostile takeover targets en- joy substantial increases in the prices of their shares as a result of take- over attempts. These increases are as large as, if not larger than, the increases resulting from acquisitions that have target management’s ap- proval."
'The average grades of the Zijinshan gold and copper ores are 0.61 g/t and 0.43%, respectively. Despite the low grade, it is one of the largest production-scale and most profitable metal mines in China.3 Jun 2020'
If Porvenir turns out to be of good size then we'll be laughing. More drills at Porvenir implies a bullish stance by Mather. Recall more drills at Havieron (the mighty Greatland)
The only explanation is that if a takeover attempt does occur it will be either via the front door with NM opening the door and or BHP et al via the back door with their own key . ..that's is why this is important time to cast your vote for NM and BODs.