Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Great couple of weeks...but copper is still struggling to stay above $4.00...
Last time we hit 40p, copper was $4.75...
Plenty of scope to recover, with bid froth thrown in...
21.33 equivalent...
Up 10.94% on tsx decent volume
Mog,typo apols there
Moggintresting article there
Jerry, I take your point. My view is that we will see a re-rate before a deal is announced and the price will be based upon a premium to the re-rated price. Perhaps that process has already started.
Your final question is a good one. If BHP/NCM are not going to be interested they will nevertheless want a decent return on their investment and given they own 21% they are in a position to drive the price up. So the answer is yes.
Apologies to addicknt and the Colonel for the late reply. Lost internet till now.
No, colonel I haven’t seen an asset like Alpala, but if Solgold was to be taken over for say 80-100p, I just think the stock wouldn’t have gone to 13 and would be trading at at least 40p by now. But it isn’t. If it does in the next few weeks then we know something is going on, but the max I think would be up to double the sp at the time. I still have a load of these shares, so I hope that you are right and I am wrong.
Addicknt, I know we have discussed the quality of various assets privately, so you know my opinion on that. Given that Solgold is for sale, I don’t think we can compare the relative merits of the two companies. Ggp isn’t for sale, though it may get sold at some stage. Ggp will grow steadily as it has been doing and Solgold has retired its drilling campaign to focus on the exit.
A more interesting discussion might be whether large corporate holders will get a higher price than a company with a mainly PI investor base?
As for the colonels analysis of Ggp, the less said the better. Hopelessly clueless. I will leave it at that.
A nice late flurry and a few late reported trades may see us push towards 10m for the day ….. equivalent to 15m when we were back at 14p not so long ago
Not sure how this plays into the free trade agreement/talks between Ecuador and China
https://www.international-construction.com/8027763.article?utm_source=newsletter&utm_medium=email&utm_campaign=Construction-Briefing-30th-march-2023-Final
Fort, I don't believe in filtering people - there's a good deal of entertainment to be had by not doing so.
Merger clearly helped with liquidity as volumes used to be below 50k most days. Now TSX seeing 500k traded across pond in first 30mins. Anyone else think we have same buyer playing both books on both sides of pond?
addicknt
Just add the tool to the list of green lines. I've got 5 on filter and for some reason I think a few of them are the same person... but who cares when they are in the bin!
Give it a rest drake, if you recall you were on my case when I was busy selling this down from 37p...
Where's the negative posters when you need them??
I have a selfish trade required for ISA and would like sub 20p. Can you help me!!
Trouble is... I think there's an army of interested buyers all thinking the same... eg...if this dips to below 20p or even below 21p... I'm snapping stock up.
Lets have some more 'I've sold up and moved on posts' like we had in the 16's please.
needalife, good of you to display your ignorance so eloquently -read what I said. Suggest you consult the company's web site. Just for guidance, and you may not have noticed this, the share register has changed significantly in the past two years.
You've only been on here a few days and you've already taken the crown as the dimmest poster. Well done.
And just remind us what all of your numerous infestonyms were in the past 5 years and the reasons why you were banned numerous times?
We’re still waiting.
Good news pad. Still a long way of the £4.20 you forecast 5 years ago. And still £21p less than 5 years ago. Chin up mate. Who knows, mather promised us multiple exit points. I'm sure good news is round the corner
Pad/DBW, certainly looks like it's about to move ,see the tsx might bounce off yesterday's low so looking good imho
Thanks Pad
When the news comes charts won’t matter
6m traded and rising
Zak Mir chart says 28p soon
https://m.youtube.com/watch?v=nUYFIZnZDHw
GLA
BHP are not worried about Jiangxi's small stake in a small explorer, Fort. They don't spend as much time dreaming up hypothetical scenarios as you. They have a rather large mining business to attend to.
Despite what fort/red will imply (all day, every day, for years on end), no large company is going to be forced, tricked, rushed or cajoled into making an offer for solg.
One simple thought experiment to try: if any of fort's arguments hold water, wouldn't we have a TO bid from BHP by now? Alas, for many years, we haven't, which rather proves my point. Relax, wait it out, enjoy the rise. Don't believe the liars who promise an imminent sale.
addicknt,
Thanks for the update . So Nick and crew own 37.5% we own 36.65........ in short collectively 2/3 of solgold.
This bodes well as the momentum builds for a takeover , at least the likes of BHP or NCM are not calling the shots at this stage.
Apropos of nothing, here's a gold/copper porphyry that has me excited.
Collective Mining cnl.v. Repeatedly drilling 300m of 3g/t gold equiv...which is economically more appealing than your solgold signature 1000m of 1 g/t, despite the similar gram/meters. Not all that cheap, but with clear 10x potential even now, imo.
josepi, the company states 36.6% of the shares are held by 'other' shareholders i.e us and the various funds with non-declarable stakes.
If you were BHP and really wanted SOLG, would you just wait for Maxit to get it all tied up with Chinese or other parties involved? My point is, they can slam in a low ball at 35p or 40p and then SOLG have to come out and defend it. What if Maxit don't have an answer that makes some feel comfy? What If BHP's offer has timeline and SOLG are forced to tell shareholders to not take up the offer, but then quite a few doubt Maxit's ability and take BHP's offer. You can see the kind of disruption and head spinning/nervy stuff that can be generated. The Chinese and Maxit (if true) might not be ready to declare interests (eg trade deal not done yet etc etc.
I always look at these things as being a game of cat and mouse. Sometimes the inferior one (BHP v Chinese) has to try and catch the bigger one (chinese) off Guard.
If you look at it another way... what happens if BHP wait for Maxit to reveal Chinese deal. They either top that offer and get into bid war or they roll over and give in. What's the advantage in waiting? So perhaps the disruption route is their best chance and puts a cushion up to bobs bat? They might still lose out but at least they gave it a go.