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Nothing else to do or post here anymore just a case of waiting and hoping SC et al pull a rabbit out of the hat
Everything else is titillation for the bored and needy posters who wish to continue replying to the messers...
TI
I think this quote comes to mind about some of the posters on here
“Those who think they know it all have no way of finding out they don't.”
Leo Buscaglia
I think it’s quite apt at times 😁
He knows the square root of f* all, and he often gets caught out when he’s googled the wrong thing and tried to pass it as his knowledge
Example of MuffAmatics
Q: 1+1= ?
A: A bird in the hand is worth 2 in the bush. 🤩
Quite right!
Somehow polymuff sounds so much better than the correct word. What next? Muffmatics?
MuffAmatics correctually.
Jezzoo I have only done two major jobs in my life one as a Technical Analyst working in the Super Computer division and one in Finance, was successful in both.
Just happens to be the skillsets I have.
You may notice I don't comment on the running of the company or Management because these are not my areas of competence.
Hence it's easy for me to see through people like Slug, Redknight and ColonelDrake.
It's easy to be right, just comment on the things you know about and keep quiet about the things you don't know about.
On the running of the company and management, I prefer to listen to Addicknt and DinnerMoney and one or two others.
Not many worth listening too on here, all they do is say a sale is coming.
You would think that after ten years of saying a sale is imminent every week that their own stupidity would make them think.
However the idiots are backed by other useful idiots that have no idea about investments and how to proceed in difficult circumstances and markets.
Somehow polymuff sounds so much better than the correct word. What next? Muffmatics?
On the other end of the spectrum, the rest of us doesn't even know what it doesn't know, otherwise we would not be here, pathetically complaining about SOLG in an anonymized BB after having invested a fortune in its shares.
One really needs to stay humble...
Is there ANYTHING he doesn't know about ??
He's got to be one of those Polymuffs.
Nal, agreed! I think it’s because the emptiest vessels make most noise
Pretty desperate ramping with that T20 limit approaching…….just picking random events to try and dig yourself out of the 💩
Everyone here know what you are up to you odious ramper…….
Give everyone a break ……..
Quady. Why don't you stfu
Barrick paid a premium of 13% for the Hercules Silver stake at $1.10/share, however...
Just over a month ago, Hercules were 24c a share, so I suggest this leaked into the market...
The equivalent for SOLG would be, e.g. Jiangxi, Newmont etc paying over 40p in about a mon ths time for, say the CGP stake...
Looks like the Italian has given us a lesson in supply and demand this morning, using electricity supply as an example.
My point is that a supply and demand cycle such as this does not necessarily lead to an increase in price.
Because of the upcoming cycle.
In fact you have to look at the existing cycle, compared to previous cycles to understand what happened in the past.
For example did a shortage of supply give people the confidence to increase supply knowing demand was there.
Did the extra supply stabilise prices, did the price increase affect behaviour.
Did the behaviour start another cycle.
I am only covering the basics.
I think economic information gets a bad press because people think basic economics is all their is.
Https://www.primicias.ec/noticias/economia/apagones-electricidad-demanda-aumento-sectores/
NCM has been trying to divest Telfer for 10 years... good luck with that dog
Q, I wouldn't expect you to agree and I'm sure statistics are vital to the insurance industry. However, that's not the same thing as applying econometrics to macro-economics. Nor indeed, is it much good at the micro level.
Sorry addicknt but I have to disagree.
On the way to become an actuary you have to take core technology exams in statistics.
Some of these include human behaviour and are very accurate.
If they weren't then insurance and assurance companies would lose lots of money in a very competitive area of the economy.
You don't get an in depth understanding of supply and demand without understanding the driver's in great detail.
Agree, we won't be a priority near term for Newmont on the basis that we are not draining any cash nor diluting their holding ... at present (eg the asset is not deteriorating). So no rush and yes.. should something kick off soon that requires their attention... then they will act to protect position or simply offload it to interested parties.
Their 10% holding will be off importance come the AGM so I suspect they already have a view which they will communciate in 5 weeks time. As we all will Scotty boy!
Pretty sure Sangha is hoping for big things from Newmont
Fort, they have committed to raising 2bn from disposals/rationalization and one would assume they'll go after the bigger stuff first - Havieron and Telfer included. You'd think we'd be some way down the list, and if they've concluded they don't wish to remain here for the long term, they may as well sit back and wait to see what emerges from the SR. In any event, their holding gives them a good negotiating position, which should also be helpful for us.
Our new 10% holders of SOLG shares completed the Newcrest deal yesterday. So we officially have a new 10% holder.
Some media report citing that they will be selling some of the Newcrest assets which is understandable and par for the course with post acquisition deals. Question is... what are they going to do with the SOLG stake? They had an unsolicited approach in 2019 from Barrick so assumption there is that they don't like Barrick much... but do they get along with BHP?
Newmont were vulnerable to potential takeovers from BHP and Barrick so the newcrest deal helped them defend against these approaches. Newcrest was on the small side for a tier 1 wannabe but Newmont certainly has potential to be a super major now with the NCM purchase.
Ask three economists a question what do you get?
Five answers. They’ll probably be wrong too 😍