The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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You've really got hung-up on this idea of yours, haven't you?
Yesterday you said I was seeing things through the lens of a takeover, and in a way you're right - I do believe it will happen, although I see the sale of ENSA as being the route, but I have no idea of when. However, you are equally guilty of seeing things through your own lens and appear blind to all other possibilities. Your insistence that this latest purchase is simply a case of Jiangxi avoiding dilution is a point in case. None of us know what's going to happen and to ignore other possibilities strikes me as being daft.
And please don't fall back on the argument that you're here to act as a counter-balance to the more 'enthusiastic' posters - we're more than capable of making up our own minds.
WI has missed that this is only Jiangxi re-establishing 6%. It's not an increased percentage holding compared to their original investment (0.268% down on original).
And I wouldn't hold my breath if Warren says something will be interesting: we must be on point 2.99)b)ii) section 4 appendix f of his 'bob will go fast and smart, 3 part plan' rhetoric!!
Jiangxi on charm offensive …… just need to join the dots …
“Moving Towards a Sustainable Value Chain: Anglo American and Jiangxi Copper Team Up for Responsible Copper Mining
Mining, as an industry, has historically been viewed as an activity with significant environmental impacts. However, globally renowned companies such as Anglo American and Jiangxi Copper are taking steps to change this stigma, announcing the signing of a memorandum of understanding that establishes their commitment to more sustainable and responsible mining.
This agreement, signed during a visit to Jiangxi Copper's headquarters in Nanchang, China, reinforces Anglo American's commitment to working in partnership with its clients to create sustainable value chains. This collaboration is a recognition of the growing expectations of consumers regarding the origin and supply of raw materials in a sustainable way.”
https://mineriaenlinea.com/amp/2023/06/avanzando-hacia-una-cadena-de-valor-sostenible-anglo-american-y-jiangxi-copper-se-unen-por-una-mineria-del-cobre-responsable/
Morning all ….. interesting week ahead
https://twitter.com/itswarrenirwin/status/1669701284306341891?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
How long will slug stay this time?
Depends if he's drinking tonight. Can't handle a sherbet, and will get himself banned.
So fort did try googling Ecuador, but when he saw reports of the protests on 13th he decided to post a totally different random news article instead. Figures... #notthesharpesttool
Https://www.aljazeera.com/news/2023/6/14/eight-presidential-candidates-enter-ecuadors-early-election-race
Nice to see a women in the mix. She looks like she could win it assuming Correa's still carries weight.
It looks as if we are on the move!
Yep Waccy
They’re obviously not to concerned about the geopolitics
Par for the course
Very nice to see this:
https://www.londonstockexchange.com/news-article/SOLG/tr-1-notification-of-major-holdings/16003292
The Chinese bought out one of my previous "pre-mining" firms (BCN) so maybe that will happen here eventually?
Thanks for asking my opinion Mrtit.
My view of solg is that I will make a profit eventually.
I don't hold with the ridiculous prices some on here think are nailed on.
I don't think the ridiculous claims people make on here help anyone, other than those who are postings egos.
But I firmly believe if we are sold for around the mid 50 p range, it will be the best we can hope for.
I also believe we still have rough seas ahead. But if mather let's the board manage, we should weather those storms.
If the price is reflecting a new bullish view on SOLG, I think we need to reach 21.50 / 22.00 to confirm a sustained uptrend. So with the investor meet event and more buying going on, next week might turn out to be an interesting time and I am looking forward to that.
Prediction: absolutely nothing new. Brushes aside data room Qs to the point you still don't know if anyone has actually done any DD beyond those already invested. Lots of flannel about streamlining and optimisation. Vague reassurances about solg being popular with whoever ends up in power. Repeated commitments to do more of this sort of thing, even though it will prove itself to be an exercise in spin, not substance. And then lay some groundwork to get votes in Dec by joking about how many shares he has tried to buy. This is what any of us would have to do in his position, and anyone with any experience here knows this.
No need to jump on this and accuse me of negativity - it's my honest opinion. And you won't have to wait long to see if I'm right. If you disagree, come join me in nailing your colours to the mast: tell us what you're expecting, and if you're right we'll all be impressed.
Agreed and I wouldn't be surprised if they don't say anything more than what they already told Darren one-to-one and what was in that recent MJ article. All of which was extremely interesting, but I'm not going to hold my breath for anything ground breaking. They are doing this meeting as a result of Darren telling them they need better comms with PIs.
Fort - what if the good news is that we are going to commence developing Cascabel via open pit.
Will put a rocket under the SP....
Fort - I it's a live presentation with pre-collated questions.
Stop trying to spin the presentation as a precursor to a news event.
Had there been a live QA I might have been of a different mind.
Signed up and submitted 3 straight questions about how active is the Data room, target valuation and their expectations about shareholders in the very diverse book.
Scott seems a bit less cryptic than his predecessors, but perhaps it's just his enthusiasm and a sense that he does not need to stay in the weeds for too long, so it might fade if a sale does not happen soon.
GLA
It would take a brave man to do an investor meet like that and not have good news or something bullish to spin. SOLG don't normally like doing investor meetings unless they have good news of course.
New website launch coming over the next week or so. Looks like we might be about to get some clear direction at last.
With, not without
Signed up and questions posed.
Meanwhile, back at the ranch - thanks DBW for that find, interesting reading about the background to mining in Ecuador. I don’t think the company being interviewed would be interested in Solgold because it says it’s after a SME without a much lower capex and also one which is “easy to mine”…….. aren’t we all!!
Z
I just received an email off Investor Meet Company about the meeting with a link to accept.
DBW, I think addicknt meant the website of 'Investor Meet Company'. There is no event either even though the RNS points to them as the organiser.
DBW, sorry, I was referring to the investor meet web site, not ours. Should have made it clearer, but I'm sure snowman is right.
In any event, will it contain anything new? I suppose we may find out exactly what's been happening on the ground, but will he answer questions about the SR? because that's the only thing I want to know about.
One other observation: These online events are fine and dandy, but they are no substitute for live questioning and direct interaction - the same applies to the AGM. The CEO can pick and choose what questions he wants to answer without fear of being interrogated about his response. In other words, he can easily dodge answering anything 'difficult'. Who can forget the 'Remove Mather' AGM, when Twigger behaved disgracefully by not only refusing to field ANY questions, but he didn't even bother to provide the traditional annual report. It was shocking behaviour from a chairman and he should have resigned.
Add ….. totally new website in a couple of weeks
I assume the event will be added in the next few days. But would have been nice if it was there the same time the RNS came out.