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Agree Addicknt.
More generally, and nor aimed at you Addicknt, this board just seems to be a raft of takeover speculation day after day, week after week.
Well where is it folks? There's no sniff of one bid let alone multiple.
I'm sure those pushing for a takeover will be right eventually given the collision course that is the December 2022 AGM, but by golly that's all we've talked about.
Resource estimates at Tandy and Porvenir have just sailed over investors heads as plenty are so consumed by a desire for a change of control.
That, in itself, is concerning.
I can't see BHP wishing to dilute its own shareholders when it's sitting on a pile of cash burning a hole in its pockets. At current rates they'd replenish their coffers in about two months.
BHP
https://www.proactiveinvestors.co.uk/companies/amp/news/971696
“ Perhaps, instead, BHP will look to gobble up single asset companies like Horizonte Minerals, which now isn’t that far away from production at its Araguaia project in Brazil. Araguaia has long been supported by Teck Resources, so it may be that BHP will have a hard time muscling in there. And it may be, too, that it’s learned caution from its recent experiences of conflict on the share register of SolGold, which owns Cascabel, one of the few large-scale projects it’s bought into in recent years”
Yes there must be situations sometimes where as a result of a corporate action, shareholders receive something that isn't ISA eligible... you would hope you'd get the option to have your broker sell whatever it was on receipt and deposit the cash into your ISA, otherwise it would be unfair in terms of the tax treatment. Anyway, hopefully not a situation we will have to worry about with Solg.
BHP shares will continue to be listed on London under a standard listing after the consolidation of the dual listing structure. It will just lose its premium listing on London, and the Australian listing will be the primary listing. So we should still be able to hold BHP shares in our ISAs. No reason they would become ineligible.
great q slug... or those shares would necessarily be sold and cash returned to the ISA? Just speculating. I'm one of those and would be very annoyed if i was forced to basically make a big withdrawal.
Novice you maybe right , unbelievable low price ,cup handle formation this morning let's see if the candlestick is about to form ,that may suggest a bit of movement at least while waiting for updates imho
Morning Bob
Half a hole at Rio doesn’t guarantee anything, however it’s highly unlikely our first hole was the only highly mineralised one they’re going to find .
I’m fairly confident there’s a far more positive reason for any news delays ….. including the PFS
And still not a peep from DC unless I've missed it ? Doesn't bode well. Feels like there is an ulterior motive here.
With no updates from RIO Amarillo it might be a dud! Typical Solgold management keeping shareholders in the dark. Obviously it looks that way. NM once said a high share price is the best deterrent to a low takeover price……
Clock is ticking till the next AGM and I know how I’m voting, if they keep us in the dark.
'Buy-back schemes would also be much simpler and easier to implement and the capacity of BHP to use its own shares to take part in corporate activities such as takeovers will be much easier and simpler to implement.'
'BHP can now look after Australian shareholders better
Another aspect of BHP reverting to a single listed structure is that this should increase corporate flexibility and the tailoring of rewards for shareholders.
Immediately there will be more franking credits to go around, which are particularly helpful for Australian investors, and dividends could also increase due to the lower costs of only being listed on one exchange.
Buy-back schemes would also be much simpler and easier to implement and the capacity of BHP to use its own shares to take part in corporate activities such as takeovers will be much easier and simpler to implement.'
https://smallcaps.com.au/big-changes-coming-australias-top-companies/
or indeed a combo of both cash and BHP paper