Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Can't see this on the website Slug, is this a new alert?
Might just be me being a muppet as I'm on my 3rd espresso martini :-/
Novice been paying writers to try and save his LSE membership? XD
UNCOOKED ALERT: SolGold said too ...
SolGold, a London and Toronto-listed copper and gold mining development group, is at the centre of takeover rumours.
People following the situation have heard SolGold, which is developing copper and gold projects in Ecuador, has attracted takeover interest from a company backed by a Chinese group.
Some people following the situation suggested that bidder is CRCC-Tongguan, a joint venture between the Tongling Nonferrous Metals Group Holdings Co. Ltd and China Railway Construction Corporation Limited.
CRCC-Tongguan already has copper and gold mining projects in Ecuador.
People following the situation said several other parties may also be pursuing SolGold.
These people following the situation have heard talk Vale, the Brazilian mining giant, and another China-backed firm, possibly Jiangxi Copper, are the suitors involved a strategic review process.
There is also talk of mystery north American bidder eyeing SolGold, said these people following the situation.
Last year SolGold announced a merger with Cornerstone Capital Resources to get 100pc of control of the Cascabel project in Ecuador.
To be clear, this story is UNCOOKED. I have pasted the definitions of UNCOOKED below in case you don't recall their definitions.
All over the show
And drops back ….. how bizarre
Someone will pay over 19 for 100k
18.36 to buy
Into auction she goes …. Thanks slug
Something brewing
Creeping upwards nicely now
Trading on SOLG been very interesting over the last month. Something brewing for sure.
Well that was bizarre
Huge volume then simply collapsed back to normal levels
Closing auction could be interesting later
Volume has been very good of late with averages near 4 to 5m daily which has been a surprise considering that SOLG was doing around 1m per day when news was absent and drifting.
We've seen days like this before whereby you get virtually zero trades and then suddenly AT's kick in and 1m volume appears or slow all day and then a 10m block trade gets printed after close.
I think it's important to look at the average volume over a 30 day period rather than just a comment on first 2 hours of trading day.
Says it all? Well not really Redknight.
The 30 day average volume 'says' the opposite to what you are implying.
In the first 90 minutes...
Says it all...
Further to my earlier rants about waves and time forecasts, it is usually postulated that the amplitude of waves is proportional to their length, therefore, based on my previous forecast of upcoming price spike in October 2023 and April 2024, the projected prices at those times based on previous waves amplitudes, would be 25.5ish for October 2023 and 30.2ish for April 2024.
Quite depressing really, LTHs would hope to be at a higher price at those times.
There you go, you read it here first!
We all know about the pending supply deficit, but worth a listen to for any frustrated investor here, one day Rodney...
https://www.youtube.com/watch?v=jP_t1lo0ZgA&ab_channel=WallStreetJournal
From Mining.com
Copper price slump will give way to record buying spree, Citi says
5 Million Tons deficit currently
Is the collapse in Copper Price, the calm before the storm?
https://t.co/TwVOsrBiz7M
Also - quick thumbs up to Sean
An old pal of mine - straight talking - says it how it is and an all round good guy - rubs a few up the wrong way but good on ya I say
I’m still hopeful we get a good return here - but what a ride !
Drinks one day - win or lose
Parabolic SAR positive, supertrend still negative but getting closer to reversing, RSI kind of neutral but definitely more upside than downside, ROC(40) in negative territory but trending upwards.
I would say that the market is not going to go lower, and if I was not horribly long already I would top up in size.
Jut my thoughts, DYOR.
We seem to building a base around 16-17p. And you know what they say...
'The bigger the base, the further in space!'
Waiting patiently. C
Last month or so we've seen decent volume with main II action being filled by mm's at around 16.8p/17p levels. These levels virtually identical to the pricing on the Chinese equity placement last year but also not far from CGP post merger value.
Blackrock UK fund look like they have fully sold out. However, Blackrocks other funds (non UK based) have started to buy stock based on Morningstar data. Fidelity appear to be the main sellers at present/providers of stock to the mm's.
I think the pricing being aligned with the chinese equity placing is uncanny and might suggest the Chinese are happily to add at these levels. And why not? They took a decent wedge at same level not long ago.
I get the distinct feeling that the mm's seem very happy and content with the 16.8p/17p level. The drops to the mid 15' or low 16's seems for pi's only lol!
@Bozi, waves are a very well known but yet vastly misunderstood and largely underestimated topic. Understanding the Y axis is only half of the trading challenge, the x axis being equally difficult to manage. Do some reading, it's fascinating stuff, and it applies to all kinds of natural, social and economic phenomena.
TheItalian
You are aware that past performance should not be used as a guide to future return?
Pretty much the oldest investor adage out there.
If it comforts you though...
Did the elliot wave tell you about mather being sacked. Dit it tell you about lasso impeachment., did it tell you about early election, did it tell you about ukraine war, did it tell you about indigenous uprising. NO. ITS MUMBO JUMBO