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Thank goodness, slug.
Catch you after your next ban
"The difference between an SP of 16p vs 25p is huge."
This is the kind of razor sharp insight we come here for. 🤌Kat gets today's prize 🤣
Jesus wept.
Nal don't forget xib
Or herself or itself ...
lol pond life can go **** himself ……
DBW how dare you come on here and brazenly ramp the hell out of this stock ... needy will be fuming 🤣
Thanks.
That's a new one kat. I've been a multi alias infesting deramping black rock stooge in the pay of lse. Now according to you, I'm in the pay of the Chinese. Have you any idea of what a clown you are.
Hi Add
“ I see a sale …. All investors need an exit”
DBW, earlier today you posted a link to Irwin's Twitter. As I don't use it, I couldn't see his reply to the question. What did he say?
I haven't Fort. I haven't commented on BHPs investment in SOLG.
I couldn't tell you what their plans are.
But yeah, nice try at swerving the points put to you.
New website should be “live by Monday “ so hopefully major investors fully updated and more usable.
Bozi, I think you've contradicted your previous point. So are BHP just playing games with their interest in SOLG?? Will they continue to play games like your Noront example and bid SOLG higher if a low ball drops? Why haven't they sold out if not interested? They could have sold to the chinese?? Blackrock exited a 5.5% holding over a few months mind you... but exiting a 10% position quite doable and no shortage of takers for that stock.
So what are BHP waiting for then? Perhaps they are waiting to see what low ball lands and then counter it? Perhaps they are planning to do another Wyloo / Noront and make sure the buyer pays top whack?? That's why the Noront example is very relevant in many ways. You best let Orphencopper know.
Need-a -rife. You working velly hard for your Chinese boss,.
All of this deramping talk from a few overstretched inexperienced fools. You should use your energy looking what's happening to your dwindling investments.
No amount of attempted character assassination from quady or addikt, changes the fundamentals.
Solg is, has been, and will be for the foreseeable future up sh**t creek.
No matter how many lists of positives, no matter how many false accusations, no matter how many posters are banned by the hysterical few, no matter how many un researched posts smickster and his like post, no matter how many times you print the Chinese are coming, no matter how many dittys pad posts, no matter how many one liners the manchild posts no matter how many people copperpot tries to cancel. it alters nothing.
facts, always interfere with clowns opinions
" If the SOLG SP doubles from here then it becomes a possibility, but that seems a mile off at the moment. "
Hit the nail on the head. It's all about suppressing the market price for when the baseline offer comes in. The difference between an SP of 16p vs 25p is huge.
SC - I think we've got to be a broad church and accept all views.
We all want to feel cosy about the upside on a change of control transaction but I don't think you can blame people who are miffed that the company has taken in over $80m and plans to make it last just over a year whilst doing the square root of FA in terms of exploring.
Lets have it right, for a junior explorer that's a shambolic state of affairs. It's economic management that should give you nightmares.
But you seem OK with it. At least you will be as long as the other side of the bargain is delivered. Will be interesting to see you shift if no offers do materialise.
Fort - Wyloo were the cornerstone investor at Noront. They had roughly 30% of the stock. They offered a small premium which I'm sure you yourself will acknowledge was pitiful compared with where Noront had been priced in the 12-18 months prior.
It was then that BHP upped the stakes and added c.70% onto the Wyloo offer. If they had genuine intentions why not come in lower, say 35-40c? They pushed Wyloo twice to make a proper offer for the company, which they eventually did at 110c.
Lets ask ourselves what significant a company with a smallish asset had to someone like BHP? Is it not just as conceivable that BHP wanted to push Wyloo into a transaction before then making their play for Oz Minerals, maybe as so not to get stuck in a fight there? I have no insight into the deal but I think both scenarios are very much possible.
You could look at it another way. Why did Rio make a paltry offer for Turquoise Hill? Again, they were in the box seat and thought they'd bully shareholders for the rest. Unfortunately for them TH holders and management stood firm.
The bottom line here is that SOLG management is going to have to make a concession because a BHP or a Jiangxi is not making a 50p offer off the bat, not in the near future anyway. If the SOLG SP doubles from here then it becomes a possibility, but that seems a mile off at the moment. Before then we've got yet another election because a right of centre government has been admonished by its people and yet again the door is open for those who oppose mining. A positive result in August won't cause more than a tremor to the dial.
I'd sincerely hope nobody is buying or selling on my view Red. I've also never toggled with the opinion menu.
However, with regards the following comment,
"But they arent thinking through that those dismal posts are probably deterring new buyers and even causing existing holders to contemplate selling..."
Do you not think that excessively talking the upside can tempt people to buy more? What happens if something then goes wrong and that growth never materialises?
It's a double edged sword. I've always been open and said that I've lowered my expectations because I want to feel content with the end game here rather than shoot for the moon and then be angry if we only make it half way there.
Redknight,
The bashers are struggling now... even Orpherncopper dismissed the Noront resources reference embarrassing himself. Let's assume that BHP were indeed just playing with Twiggy and wanted Wyloo to pay top buck. So they bid twice on an asset they didn't want is the Orpherncopper/Bozi line of thought just to be spiteful to Wyloo?? Mmm. Well... I'm surprised why they can't apply the same to SOLG then? If a low ball is landed at 25p or 30p, then why wouldn't BHP just go on another little spiteful bid war to see the buyers pay top whack?? Of course... there is always the reality that there is no spite involved at all and BHP wanted Noront like they want SOLG. Until the first bid lands we won't know but I am certainly of the view that even if BHP don't want it anymore.... they'll make whoever is buying pay top buck. Why wouldn't they? They won't roll over and see it gifted away. Nor will Newmont for that matter. Nor will Mather or Tenstar at et al. The CGP boys just have to land a first bid and the rest will spiral. Unless of course it's a cracker from the get go at 75p+.
Anyone got full access to this mining journal ?
https://tinyurl.com/45fz226m
If you dont think a low bid would start a bidding war frog, you are surely not taking account of the sheer scale of the Alpala prospect in terms of its strategic value to the world...
I cited RIOs dogged determination with Oyu Tolguei yesterday and the Voiseys Bay example is also relevant, let alone the smaller Noront project.
But ask yourself why BHP still have 10%, NCM kept theirs, Jiangxi bought an initial stake through Valuestone, dramatically increased it last October and have continued to build and finally why Mitsui publicly declared they wanted a piece of Cascabel...
And why CGP have thrown their lot in at c$4.10 a share equivalent having aggressively repudiated Nick's 2 previous bids, citing share values of $12.50 and even $20.... Clearly they see even more value here...
I say again that because of continuing disapointment/frustration people are airing those views through increasingly dismal predictions of the final takeout price for SOLG.
But they arent thinking through that those dismal posts are probably deterring new buyers and even causing existing holders to contemplate selling...
And guess who will be on the other side buying...?
So I predict that this will kick off either with a starter from Jangxi at 40/50p or with Newmont selling the NCM stake well above the current price.
I dont do blind optimism but I have learned a very long time ago that mining prospects take much longer than expected to come to fruition. It enabled me to buy ATYM at rock bottom and make a lot of money. We're already massively into profit from previous double bubbles in SOLG and I expect to make even more money when this comes to its final curtain....
GLA
The bashers are good news... I know the green lines are tedious but when they disappear or don't look bothered, that's when it's time to worry! Bashers only post all day for one reason... and that's pretty obvious as Kat2008 says.
The more they post the more obvious it becomes. Agendas are easy to spot.
We've ticked off mine licence 25years with Ecuador gov. That's important for a buyer or partner.
We've ticked off the exploitation agreement cited for end of the year so 6 months early. Mmm. Another very important milestone sorted and ahead of guidance.
Someones in a rush I feel. I think we'll find out sooner than many think.
Everything looks very good right now. All the things we needed or wanted are now in place. Maxit's job should be very straight forward and with over 11 months since SR announced, interested parties have plenty of due diligence under their belts already.
What's not to like.... it's all coming together nicely.
I'm really not sure what you mean. I can't have admitted to being anyone else- this is my first account. Perhaps I agreed with a random accusation sarcastically in the early days- I don't recall that though. On first joining I didn't realize the scale of other people getting banned, so didn't know that some posters return.
It's just me, add. And if I call you sweetheart or poppet, I'm afraid it doesn't make you special. We do that quite a lot round here.
Anyway, conspiracy theories abound today. A 2% drop on the share price (just noice) has got Kat claiming there is a strategy at play, involving posters on this BB! Might need to apply Occam's razor to cut through that hedge of stupid 🤣