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Sadly Red, I have given up expecting anything happening near term more than Scott talking about the Rocks. I am not expecting another streaming deal. More likely they would flog the 157M CGP shares to shore up the balance sheet.
That said, I hope that you are right. I really want to move on from here and not have to be on the same BB as the village idiot from our penal colony.
Why did Scott, Stacky and Twiggy buy 1.64 million shares when they did...?
OK so the 'public' explanation was that they had to before a 'closed period' and some of us speculated what the announcement might be.
And of course the 'closed period' is for the MD&A and Dinancial Statement. 30 days later would be 9 November if we assumed that Stackhouse bought his second tranche on the last possible day, but...
Think on this...
Why were they keen to buy shares then...? If they waited for the financials they wouldn't be able to buy until 10 November.
But what if there is soemthing big in the offing, either between now and 9 November or shortly thereafter. Then of course they would want to get the shares while they could...why pay more than 9.9p/10.97 (which was the range they paid?
But the financials should be a non-event, which reinforces my suggestion that there is something big in the offing, which might happen even before 9 November.
So then consider this...?
Some might suggest that they knew about the Berry Street liquidation, or that it was in the offing...
But then you would wait surely, even until after the MDA...unless there is something in the offing...
And here's the thing...
DBW hit the nail on the head with the implicit suggestion that a Gold streaming deal answers all our prayers...
It leaves the copper intact
It puts a value (Asset Value, not Market Value) on the Resource and thereby the shares
It takes away any cash worries indefinitely
It puts the wind up Jiangxi, BHP, Newmont and anyone else seriously interested in bidding and flushes them out...maybe before the deal even gets signed off...
So I seriously think there is something in the wind and some seriously good news in the offing...with a massive rerate...
Because why would Scott, Twiggy and Stackhouse blow there precious cash on a mere £160k worth of shares unless they think they will make serious money on them and...
More to the point if they thought they were going to be blown out at the AGM...
Just think on this...
GGP up over 50% in under 2 weeks. And that's after they delayed operations! Market cap £477m!!
SOLG the complete opposite, almost down by 50% over slightly longer period (15p to 7.5p) apparently all down to a large seller. Well, historically SOLG has always been above GGP on market cap (bar the dizzy days of 38p on GGP), so if the market is being rational... SOLG should be on for a 50% climb in November. Sadly... that's still under 15p from where we are but would represent an almost 100% climb off lows. This market is nuts... like a fruit machine in casino hall.
Wow! 10.3 million after yhe bell including a 8 million UT!
Hotting up.
Now read my next post for an exciting possibility...
Some good buys after the bell, now lets hope for a run, far too cheap at the moment imo
Atb
And thats exactly why I went for a hybrid...with which I'm delighted...
The grid barely has the capacity to cope now let alone adding 20m+ milk floats to its demands. It would have to be radically overhauled and nobody has costed or planned for this
It’s just clown think
Car manufacturers will go to the wall if they don’t listen to what their clients want. Less than 1 in 3 Americans think their next car will be electric
Watch and learn. We will end up with a peak of about 3-4m electric cars mainly shopping carts for school run and round town. They dismissed the perfect solution in hybrids by pulling subsidy
We could say anyone curious why copper is 20% down on 2 years ago, there is a disconnect between copper price and availability, just as the headline oil price isn't a bellweather for it's future either.
The Middle East hasn't moved the dial yet because it hasn't spread to the rest of the area, the first morning we wake up to Iran launching rockets the Oil price will shoot through $100
https://www.msn.com/en-us/money/markets/investor-disdain-for-mining-is-threatening-net-zero-says-blackrock/ar-AA1j6obo
Been around a while 1984, and guess what comes after a recession ... remember the crash of 2008 ? lots of doom mongers about then but made some of my best portfolio capital growth ever in the following years as well as house values virtually doubling so a correction is always on the cards for now. I don't believe that the likes of Merc, VW, Ford, and majority of East Asian motor manufacturers who have all hedged their production to electric will be reverting back to ICE vehicles. Might take a slow down but one things for sure its a bloody good time to be a 2nd hand car dealer if you have the stock. But in essence electrification is here to stay with regards to the elements needed for renewable energy, phone, computers , laptops etc etc. stop appearing to be a luddite like everything over time they will become the norm.
But with regards to Solg Scott needs to pull a rabbit out of the hat soonish unless.... 😉
Zero chance this will be a Betamax moment 😁
Have you got any idea how EVs are going to change the balancing of the grid. Just imagine 1m cars today being able to power their homes, think how much pressure that will take off the grid.
Tesla have already updated the software to allowing bi-directional home chargers, other manufacturers are following suit.
Cars are parked at home 75% of the time, governments pay billions to wind turbine companies to turn the turbines off because they can’t store the electric, 1m EVs and growing will solve that conundrum
As spooky as it is... fund update tomorrow via morningstar so should see who's been selling and buying. If we see a large sizable trade after hours today, then wouldn't surprise me as still think Berry Street have some loose ends to tie up.
Roll on November, October has been as scary as it gets. Scott will need plenty of tricks and treats to get through upcoming AGM and he's got about 6 weeks left now. Tick tock scott.
Of course they will drop, it’s not feasible to subsidise everybody with taxpayers money
Bubble is pretty much over now and with a massive recession looming I think we’re about to see our Betamax moment
lol….. governments remove the subsidies and sales drop….no **** sherlock
lol toyota bet on hydrogen cars so no wonder they are negative.
over 1m evs in the uk already and increasing market share, this isn’t going away no matter what 1984 posts.
heat pumps and octopus are literally saving the country from coal power stations and balancing the grid.
biden has gone huge in the us on renewables but it’s all going to end, of course it isn’t.
opec and all their cronies are desperate to keep fossil fuels in the news and are lobbying hard unfortunately 1984 falls for their bs…..
no one curious why oil is low 80s with 2 wars going in one near the middle east…….hmmm
electrification is taking the froth out of fossil fuel and soon will be denting the oil price, no wonder the saudis are too scared to keep,their quota and want cuts …..
His wife has the rest of them, obviously :)
26th October Redknight you told us you had 1 million at 11p , now 675,000?
True …… win/win …. Fully funded would massively rerate GG’s stock ( probably any deal dependant on licenses/ permits/ IPA etc) but would almost certainly flush out any potential bidders .
Forgot to add link
https://www.youtube.com/watch?v=svMjyCgYZNI
Atb
DBW,
You say hypothetically, but that’s how the market works, foresight is their best tool.
Atb
Cheers Mathers
Cascabel jurisdiction way safer too as 1984 was alluding to.
A streaming based funding package here could truly blow the lid off here …… all hypothetical at this stage though
DBW,
A good sensible post, nice to see some sense coming back to the board.
Gold and silver is going up, it’s going up because the U.S cannot afford its debt, the FED just dumped a load of treasury bonds.
Japan is also getting ready to dump bonds, time is running out for the US, all down to their greed, not the American people who will suffer but the rich who can just walk away with their riches, pretty sickening.
So gold is the best thing with silver, as you pointed out, it’s a game changer here
Atb
I think you'll find its $300m 1984...
https://www.mining-technology.com/news/lumina-wheaton-gold-streaming-ecuador-mine/?cf-view
Initial capex low $1bns? Then roll profit into developing the rest
Wheaton is in the riskier end of Ecuador too where all the carry on is
That is such a clever and highly relevant point DBW...
For starters I referenced the fact that gold is already c$300 above the PFS assumptions. That alone adds $2.8 billion to the bottom line...
Based on your numbers, we could fund the whole of Cascabel for an equivalent deal with Wheaton or for that matter Franco Nevada...
I personally would have no quibble with an equivalent 6.6% deal and just imagine what it would do to the SP...
Meanwhile the currnet uplift of the gold price of $2.8 billion/3.1 billion is c90p/share by my simple maths...
You can be sure that any hint of a gold streaming deal would flush out the would be bidders, just as it royally p***ed off BHP and NCM when we did the first FNV deal...
How did we all miss this Lumina deal and it adds fire to the question why the SP isn't MUCH MUCH higher...?
55 year + free hit in our case