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"Putin is the one who is going to come out of this smelling of roses". Jeez! Apart from the naivety of that statement, we have someone on here who thinks it's OK to support a war criminal.
I generally appreciate your train of thought, but I reckon you should revisit your precepts about US interest rates and reasons for Fed doing so. You are missing some pieces of the puzzle, namely that Powell is responding to WEF and to wrestle control of the Eurodollar market from the Davos crowd and repatriate those investment funds back to the US economy .
War drives up interest rates as countries print more money to send to Ukraine.
Of the three world power blocks, ( USA, Europe/EU, BRICS / Global South, Higher interest rates will destroy EU first ( boo-hoo ) .
Russia is winning the war in Ukraine, and Putin is going to be the one to come out of this smelling of roses, as most of the world wants to see USA / EU brought down a peg or three.
Global markets have been pretty bad Slug...cant blame anyone for holding off...
Bozi, no, I don't think BHP will walk away. But the point is we are now in a formal process and BHP will be part of that. Citi/Maxit will orchestrate negotiations and as I said the other day, the re-balancing of the register means that BHP will not have it all their own way.
Red - plenty on here would cut and run at 40p. Some have already acknowledged this in the thread over the last 24 hrs.
Others won't want to admit it.
But this is what happens when SP gets depressed in the mid to low teens. Sellers remorse, B/E selling etc.
.
... and appears reluctant to get boots back on the ground at the regionals.
Fat thumbs...16p...
This is what I actually said Bozi
"Who on here would accept that?
Almost nobody..."
In other words, us private investors.
As to BHP/NCM, why would BHP let SOLG go for little more than their last purchase; why would they let another major run off with SOLG at 40p when they chased a much smaller Noront so hard?
And why would NCM let SOLG go at less than the all time high and a fraction of the Asset value of Alpala alone when, having reviewed their options for their stake they decided to hold it as "an investment"
This is the 2nd biggest Tier 1 prospect of it's kind in the last 10 years. The gold price will soon set new highs...
Nobody is going to let this go for 40p...
Oh sorry, Dave sold out at 26p...
I think we do Add.
Do you really think BHP have waited this long and continue to wait just for someone else to start the bidding? It seems unlikely to me.
I think there's a clear read to the market's view of the company and it's very difficult to continue enthusing about that asset when the company has drawn back on any future development spend and
We are all going nuts here !!!:)
The only thing that could produce a disappointing end is a forced sale at an unacceptable price...
The Mather CGP caucus and the NCM BHP vested interests can be counted on to prevent that.
SOLG has enough cash to get through 2023...a sale should be accomplished well before that.
And if the market stays deflated you'll still be able to reinvest at tasty terms...
There is that as well NoviceHunter.
I've also seen it before where someone has banged the drum about a large premium and it's never pretty when reality falls short.
Bozi, we don't know what the outcome will be. Keep focused on the asset, but I most certainly understand your frustration.
Not at all...I'm saying Scott would not be an insider if formal discussions were to start on 20 March and therefore would not be disbarred until April 13 as some have suggested.
However I'm pretty sure in my mind that Scott knows enough to at least make the award questionable...
Redknight -I could ask you the same. Where is your evidence that "almost nobody" would accept an offer of 40p?
You have none. You don't know how BHP or NCM feel. You don't know if the CGP lot would be happy with 150% and you don't know about Mather and DGR either.
I will happily, gladly, triumphantly be wrong on this given it means more £s in our pockets but it's just how I feel.
Scott options in the high teens. No updates of any substance on the company. Jiangxi placed at 16p. Nothing positive there.
Bear in mind, you'd think this management could be open with the market and get about selling the company to investors again, thus pushing us back towards the mid to upper 20s. That puts us at about 40p for an opening offer.
As it happens we've got just one trading week before April and the company is quiet. Clearly trying to make Bob's job of getting a bid to stick easier as they know that if they bring interest back to the stock Bob's task becomes more difficult.
Addicknt - to answer your question at 7:01 - I'll continue to hold because I'll take my 100% gain when it comes.
That doesn't mean I have to be happy about it.
At this stage, given where markets are in general, I've made the decision to see SOLG through to what is looking like a disappointing end before I think about reinvesting those funds.
DS, that post gave me a good chuckle. Someone needs to relieve Q of his shovel.
Understood, Cov.
Amazing even more unintelligence from Slug.
Should he check a dictionary both spellings are valid.
He remains one hundred per cent wrong.
Incredible.
Not moaning Novice , just answering add @ 7:01. Have a great weekend all
Cov stop moaning on a sunny Saturday afternoon when this does eventually go you’ll be more than 100k up trust me buddy the here and now price is irrelevant now go and spend some time with your friends or family
Well add , I am totally downbeat , and I continue to hold because I,m currently 16k down. Get it?
First thing Monday
Bubble we are talking 3B bags of peanuts hear
I really had forgotten how unintelligent Slug is.
He doesn't even understand that when a post is deleted that the count remains.
He remains the nastiest poster and most unintelligent.
I guess those attributes compliment each other.