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Bubble, I know what the "experts" say about copper, the point I'm making is they have been saying it for well over a decade now. And according to what they said then we should already be in huge under supply now.
It's called fossil fuel because oil comes from fossils that have turned into oil after thousands of years. How's that for organic?
Just read CNBC METALS news posted yesterday on copper demand and prices then you'll understand how the big boys will be clambering all over themselves to get hold of solgolds assets
Copper will still be in demand, no matter what; urbanisation in the developing world cannot be turned back, neither will population growth slow anytime soon obviously the green movement helped with the copper projections but they have been talking up this copper sweet spot for years.
A lesson from BP today.
They scaled back their plan to cut 40% of oil production by 2030 to about 25%.
They basically went back to doing what it said on the tin and the market loved it.They finally realised to make money they need to do what they do.
If Solg realised that, they could have sold this years ago for more money.
It wouldn't surprise me if he pulls a rabbit out of the hat...
I would say the whole board post 2016 coukd recieve a C minus. I would have given them A minus between 2013- 2016.
I except your points.
Yup, surprise us Mather (but don't expect he will)
Whatever happens now, Mather ultimately failed, unless we get a multi bag premium which I can't see.
Anyone can dream big, but if you have nothing to back it up with, you have basically been wasting all our time while pocketing a huge salery year on year.
C MINUS- could have done a whole lot better.
Imo
Dave,chill about to explode lol!!:):)
Thats not a rollover, its a buy (earlier buy and cancel)
We really are due some sort of progress report
If those in the know are bailing, they obviously didn't know that much. They are about 5 years late on the bail.
That's right Dave... 2.5 million shares traded today and that means "those in the know are bailing out".
Goodbye BHP, goodbye Newcrest, goodbye Mitsui... all heading for the exit, probably Mather too.
You absolute plonker.
Are you really sure you wouldn't be happier in Premium Bonds?
SP slowing sinking however....
439,624 rollover - someone is bullish
Looks like those in the know are bailing?
@Fortissimo, can you see Chinese bidding for NC?
I'll leave you to figure this one out, scrat- bit of a head'scrat'cher. If you (or anyone else!) gets it I'll buy them a pint
If you read the article, Fortissimo, it is saying that bigwigs think the rumour of a takeover of Solgold is wide of the mark. As in, the 'bigwigs' (lacking a citation or any credibility) don't think this will get a takeover bid.
I think it probably will- it's a rubbish bit of fence-sitting journalism- but I was just pointing out that it's not a positive piece about Solgold and it's sale prospects. Everything else the original poster here said is correct.
Ar is Argon isn’t it?
AuAgCu might work better.
With a side order of molybdenum
AgArCu, I don't think the Mail on Sunday article was saying a takeover was wide of the mark at all. I think you've jumped to conclusions there.
The key point I think you've hot on is this "But some senior industry bigwigs reckon this is wide of the mark, noting it will take years before SolGold gets its prize project off the ground. The long wait could be enough to put off any possible buyer. " END.
That line makes little sense to me as we all know there's no way SOLG are financing this to production. So the takeover rumour is based around the 'reality' that SOLG will sell out early in the stage to a deeper pocketed partner / super major who knows how to get these projects producing and has the cash to do so. In that context, the rest of the 'wide of the mark' stuff is nonsense and not relevant. The whole point is... it's a new country regional play huge opportunity for a super major and they don't get involved in those based on a short period of time. They think about it as a 20 to 30 year investment phase. Like that seen in Peru, Brazil and so on.
There's a reason why Gina R (indirectly), Franco, Chinese, BHP, NCM, Norges et al are all invested in SOLG. They know how great the opportunity is. It's not going to take years... it's going to take months or weeks before that Strategic Review reveals the game plan.
Article below... "There are some takeover rumours that are practically evergreen, with chatter resurfacing whenever the market goes a bit quiet. One of these involves mining behemoth BHP and retail investor favourite SolGold, which is working on a copper and gold mine in Ecuador. BHP first invested in SolGold in 2018 and has more than doubled its initial stake, making it one of its biggest shareholders. The City rumour mill reckons a takeover of the South American miner could emerge later this year – though this is the same mill that said it would happen in 2021 and 2022. But some senior industry bigwigs reckon this is wide of the mark, noting it will take years before SolGold gets its prize project off the ground. The long wait could be enough to put off any possible buyer. One thing is certain. As long as BHP sits on its investment, the speculation will keep churning.
Heres my take...
She had lunch with someone who said "SOLG's going to get a bid soon"...
She said "that rumour is as old as the hills" but...
She wrote that pointless article so as to be able to say "you read it here first" when the bid comes, while straddling two stools, the other having been made by Quady..."Whoa! We're going to production...Whoa in the Ecuadorian hills..." (To the tune of 'Barbados')
Surely we must listen to what our new masters are saying and not unnamed 'bigwigs'? (typical Daily Mail description)
At no stage have I heard or read any one of them state that their intention is to take this to production (I'm referring to Sangha and co, not the out of date web site) These people are in charge now and it must be safe to assume they intend to deliver on their promise.
These boys sold the merger deal to their own shareholders on the premise they'd deliver a near term deal, and we must not forget that the CGP shareholder base will form a significant voice once the merger is completed. Do they really want even more disgruntled shareholders on the Register? Doesn't seem likely to me.
Yes let's hope it's on good terms AAC
I agree Bubble2021, I think Solgold will try to sell on its assets or make itself a target for full takeover. The article was just saying 'bigwigs' don't think this will happen. And neither does the market, currently, but hopefully they will all turn out to be wrong and your reasoning detailed here will see us taken over on good terms for us PIs