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I have, thanks. Perfect sense :)
Interesting ,Stackhigh. If I've read you correctly, you're of the opinion that nothing will have happened before Dec 2023? In other words the Review will deliver nothing whatsoever?
Oh dear...UT could be in the 16s...
Wheres the momentum Twigger...? All talk no action...
Gap at 16.82p
Should get that nicely closed tomorrow or even today. Then it becomes more attractive to traders.
Sorry Stack...I believe you're completely wrong, otherwise why is Maxit driving the bus...
Meanwhile, a nonsense in the market...Bots were steadily selling at 17.28 for a couple of hours then at 15.51 started steadily buying at 17.30...
Make sense of that...?
There is a gap that needs filling after the big open on Funding news. TA followers like a tidy chart as supports upside case.
Stackhigh
No need to apologise. What are you sorry for? An opinion? A guess?
It hurts me to say it as I think it hurts you to hear it... but it is coming. I think your view is better though for emotions as if you don't expect it and it arrives then it's a great surprise isn't it assuming you are invested properly and not investing based on it NOT coming if you follow.
I don't think it is coming, Fort. Sorry.
oh dear...got to close in the 17s...
Forget about the momentum. It's irrelevant. Forget about everything you think you know about stocks and shares. And instead focus on one thing... a takeover or sale. The latter comes with no regard for the former. When it happens it will surprise many. If it doesn't, then the market is not doing its job correctly.
BB's are great barometers too. We've had more poster over the last few months saying 'takeover' not going to happen... takeover not going to happen blah blah blah than ever before. They are at pains to repeat it.
It's coming alright. There's simply too much value here for the predators to ignore. But who's going to make the first move??
17.283/17.297...weird...close to a backwardation...
Need to close at 17.50 or above to keep the momentum going...
blackrock
flipping predictive text!
yep and I think it's blackjacks also trying its best to unwind that 25m short / hedged / loaned stock.
Becalmed by Autobots for a couple of hours, suddenly the market wants stock...
I'm bid for 380,000
Stackhigh,
Well in the fairness let's go with it's one of them instead then. If you are choosing NCM then good for you. If others choose BHP the good for them. Neither are wrong and neither are right but it's one of them and that's a fact!
It's also a FACT that there were further disagreement over the recent planned funding structure presented and discussed with 'large shareholders'. So again, one would assume that involved BHP and NCM or one or the other.
Twigger had to issue a public letter to tell them to back off and stop playing underhand tactics. Now why would NCM do that and BHP just sit and watch? Add to this there was a credible source in Oz press that said NCM and BHP got together early summer to discuss a possible transaction/offer on SOLG.
At end of the day, we all live in the dark here and are left to join dots. Some are better than others at it. Some can't see the dots for the Damien Hirst's.
Our own website only suggests we'll be top 20 in South America. Once it's built. And that's us trying to spin it for investors, because 'it should hopefully be top 100 in the world' doesn't have the same ring to it...
Listen, I'm done here for now. I'm invested, not overly leveraged. I think there's potential to make money here, but I'm not in desperate need of a BHP takeover, so I'm not going to switch to your view that it's just around the corner. It isn't. And if you want to admit I'm right before the 2023 AGM, that's big of you. If, as so many on here imply, there isn't even a 2022 AGM, I'll be back to issue my sincere apologies and eat humble pie.
Careful Fort. You've recalled how some of the other message board members on here have represented BHP's behaviour since they took a stake, rather than fact. You've then used this to evidence their level of engagement with solg. I don't think the big wigs at BHP have done half the stuff they are credited with by disgruntled investors here, so for me that doesn't prove they care.
We're one of their many investments. We represent a fraction of a percentage of their total investment in assets. They really don't care as much as people here would love to believe. I'm sorry. I know it hurts to hear it if your investment strategy is reliant on them being just about to pounce.
And as for the pocket change comment, a fair price for solg is still pocket change for BHP. It would barely lower their div.
the hill is going on...?
96 of the last 104 trades are Autotrades...
Is this being kept down...?
Decent volume appears to have returned with what looks likes another 5m day.
Wonder if we get a Blackrock TR1 rns in a few days now they know they are not getting a sniff at some cheap equity placings.
Keep on dreaming
I should have said top 10 (we are number 7) and the answer is one other.
Wouldn't you agree we're a little more important to them than you have suggested?
"If we were of significant interest, they could have taken us out for small change at any point in recent years."
Not true at all. They would have had to pay fair price as Mather simply would not sell out on the cheap.
As for the broader picture, agree that SOLG is a minor interest based on their broader business but in the context of mining discoveries and Tier1 projects, SOLG's Alpala is top level globally world class asset that is capable of delivering proper Super major like profits.
And then there is the Ecuador 60 concessions/licence blocks. These are not easy to lay your hands on in Ecuador and ones with permits even harder.
With copper shortages looming, it's clear why BHP got involved at 45p. Since then, it's been clear that they are unhappy that they are not growing their interest in SOLG. Unhappy that SOLG are not submitting to the cornering tactics being deployed. Not submitting to the underhand BoD/AGM games.
Is this really how you would expect a super major like BHP to act over such a minor asset in their folio???? And there lies your answer... they want it and like most good business folk, they thought they could get it on the cheap. Time will tell how that pans out but at some point (if not already through royalties) SOLG are going to hit a point whereby BHP have to make an offer or simply kiss SOLG goodbye. That moment is very close imho.
Just out of interest, how many of the other top 5 discoveries are BHP invested in? Genuine question.
We have an early stage (pre-DFS) concession that should be viable as tier one if it gets the go ahead etc. Spend some time counting how many other companies at similar/later stages BHP have a minority stake in. Then consider that, whilst they will have an eye on the future, they also run the world's biggest current mining operations. Again, we will be mentioned occasionally as a foot note, but my point remains unchanged: to read this board you would think BHP are really bothered about solg, and they are just not to that extent. I'm sorry. I know it doesn't fit the narrative.
If we were of significant interest, they could have taken us out for small change at any point in recent years.