George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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All the speculation about Blackrock - this is a useful watch - suggests they are focused on more dividend plays https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information/agm
Bozi
It makes sense to me, if someone is positive that they Continue to hold the shares.
It makes no sense that if they believe the company is doomed that they continue to hold.
It's a big difference.
One appears genuine one can't be.
Surely if they believe the company is in trouble they would sell now and be gone.
FTJNYI'll have a glass half full on friday if it bounces back over 20p lol!!:):)
For some reason FTJNY it reminds me of Leslie Nielsen's video "I play bad golf to feel good"
(PS Had the best round of my 74 years yesterday...)
Good afternoon Ortherncopper.
Fund managers are funny creatures.
That's the fund managers that pick the funds.
So many don't nowadays.
The strategic review is nothing to do with selling the company.
We understand it's the best way to advance Cascabel.
They have stated this more than once.
However like everyone else, just waiting for the strategic review to see what the next step is.
So to put it another way, of 1.635 million shares traded today (up to now), 1.242m (or 76%) were by ALGOs
And in terms of number of bargains, 117 0ut of 148 (79%)
Or to put it another way, ordinary trades were 31 inn the last 7.1/2 hours at an average of 12,600 shares per trade.
Hardly big potatoes...
So I'm interested in suggestions...is this because:
Hardly anyone is selling (holding in hope)
Hardly anyone is buying (fully loaded) or
Lost interest or
Under the radar or
Any or all of the above...
For comparison, my normal sized bargain is 100k...what is other people's experience...?
Anon there could be plenty to be positive about at the moment….. we just don’t know it ….. that’s the chance we take
Othern is Mr Doom & Gloom! His glass is always half full. He's one of those types at work who sucks all the positivity out a room! MR NEGATIVE! With people like him on your side the battle would be lost before it even began! You all know the type. Here's a problem but hasn't even considered a solution! If you were picking a team to win a match he would definitely be the last person you would pick! Sad but very true!
Red why don't you just put a sock in it, I repeat it was okay for you to be negative a few months back when you were supposedly selling the lot.
Come on lets be honest there isn't much to be positive about at the moment, and there are a lot of risks being invested in this share, Bozi made a good point about listening to people on this board. I made that mistake last year when I considered selling, I so wish I sold out but I had the FOMO.
ALGOs' Duke of York
They marched it down to 18.42...
They marched it up to 19.10...
They marched it down again to 18.64...
And they marched it up to...?
And yet I could have sold decent size all day above the Ask...
I still think everybody's simply waiting for something to happen, with the odd B&B/rollover being done like today's 88k this morning...
A
Absolute rubbish...again...Orthern
I just checked and out of your last 23 posts on SOLG, 16 are negative, dismal or resigned...
And yet you hold stock!
Why would you do that? Do you want to become a self fulfilling prophecy...?
Your thinking out loud isn't helping positive sentiment on here so...
Sorry Orthern, but you're fired as well...
Good afternoon Quady… I understand Blackrock holds Solgold shares across different funds and investment vehicles for clients.
My question or point was, if they believed our board are about to get us all a great payout, via a deal that monetises what we have, be it a sale, spin-offs or JV, they wouldn’t be selling their funds holdings in us.. indeed, I’d say, if any investment managers, mining focused or even wider, believed a deal was about to be completed, our share price would not be wallowing where it is..
As I mentioned yesterday, any interest in what our board are doing, or what Maxit claims or hope they can do, seems to have evaporated… I can only place this on the shoulders of successive CEOs who have shown themselves to be out of their depth in handling an asset of this size… continuing to pretend they can go it alone, until it was clear the majors had called their bluff….
It seems the markets now have no belief in what Maxit can do, as after all the time spent on the SR, we are where we are…. Share price sat in the teens..
As Bozi alluded earlier, there are many potential negatives lurking around the outcome here, especially if it looks like Maxit can’t get a deal done, and he SR drags out further and further without explanation..
It’s a gift …..
Lol !
Look at that rise I just caused, just act upon the oppposite of my predictions and you'll all do well !
Jezz
Looks like you got the magic touch
Jezz who knows
I reckon the next “real news” ( not holdings or options )will be significant so happy to stay put and ignore days to day dips and rises ….. pretty much switched off til news now and ultra confident of a good outcome here .
I have a feeling this will slide back to 15p over the next few weeks without something to garner the attention of the share buying public.
Jolly quiet what what !
Good afternoon Ortherncopper.
The answer is this is a myth spread by colonelDrake now known as Fortissimo as he was banned.
No idea why he was banned as he is not offensive in any way.
He doesn't understand that BlackRock buy and sell Solgold shares for their funds that contain Solgold.
Just looks like not as many funds contain Solgold as they used to. So more getting sold.
BlackRock do not have a stake in their own right in Solgold.
People could ask why Blackrock would want to sell out their remaining shares at just circa 18 pence, when apparently our great board are going to monetise any month now?
Volume is has disappeared and when that happens it's the norm for the mm's to go fishing. They don't like sitting around doing zero deals.
Konwave AG bought 6m shares last month. Blackrock dumped over 30m shares. So that volume was evident albeit bulk being done after hours.
End of the month normally slow so suspect we'll see a pick up in volume again when May kicks in.
Will have to wait until next week for Morningstar updates but I'm guessing Blackrock will be down another 20m or so. That would be them almost cleared to zero. Bunch of @$$holes.
Thanks Andy.
Most of us are on the same page here...
The big pay is getting smaller by the day. Thanks smart and fast management.
RK Please ignore the riff-raff.
I find your posts the most informative and useful on this site.
Keep up the good work!!!
Andy
You're very welcome as always Talatum...
And BTW the small minded people who often say I am trying to ramp the price don't think through that with an LSE BB probably only visted by 50/100 people and a holding of only 2.2 million shares (c0.07% of the company) I can have absolutely no effect on the share price...
But I can help people like me who are frustrated to hold for our big payday...
Sorry mog...thanks for your post...just caught up and read the article, which actually STARTS by referencing the Goldman Sachs forecast that I posted.
It also mantions Wood Mackenzie as follows:
"Nick Pickens, research director of copper markets at Wood Mackenzie, said, “Cost pressures and the larger volumes required for an accelerated energy transition have implications for the industry incentive price.”
Under this scenario, the copper price needed to meet demand rises substantially to US$9,370/t (US$4.25/lb) in constant 2022 US dollar terms, compared to US$7,716/t (US$3.50/lb) under the base-case."
and...
"Wood Makenzie says low-carbon copper demand over the next 20 years is the equivalent to 60% of the current market size. The uptake of electric vehicles (EVs) accounts for 55% of this demand – the largest single sector contributing to the rise in copper demand.
The offshore wind segment will grow sevenfold by 2040 under Wood Mackenzie’s AET-1.5 scenario, with wind power generation rising by an additional 1.0Mt of copper a year.
Solar power will also see an increase in copper demand, with additional consumption of 1.1Mt a year expected over the next 20 years under a net-zero pathway."
Which is very bullish.
So why would earthling/needalife post the only negative bit in the article rather than the reasoned case set out...
Because that's the way he/she is...
Because the article is quoting the December R&E quarterly which said:
"Little recovery in prices is forecast over the outlook period, averaging US$8,100/t in 2023 and US$7,900/t in 2024.”
But if he had troubled to read the latest detailed March 2023 R&E quarterly forecasts, he would have seen that they have revised the 2023 and 2024 prices up to $9,699 and $8619.
The current price is $8856...so that implies an average price of c$10,000 a ton for the rest of the year to hit their target...
Thats $4.44 compared rto a current $3.90
Sounds pretty bullish to me...especially set against SOLG marketing the second biggest new copper/gold prospect in the world for sale...