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The FNV deal valued Alpala at $10 billion ($100m/1%)
The Osisko deal valued Alpala at $8.33 billion ($50m/0.6%)
The Lumina deal equivalent would be $32.23 billion ($300m x 78/11 /6.6%)
So the range is $8.33 = £6.87 billion to $32.23 billion (£26.55 billion)
SOLG MCap is £270 million...work that one out...
Meanwhile the current Broker ratings are:
Liberum 44p = £1.36 billion
Peel Hunt 65p = £2.0 billion
JPM 70p = £2.17 billion
And the SP is...9p...
I should think even the most ardent of supporters see the huge flaws in your maths.
Your ramping is poor, at the best of times, but you have excelled yourself with this 💩
Obviously the pressure of those underwater T20s has addled that brain cell……….
Ok Tesla1 what would you suggest is reasonable value for Solgold at the time of a takeover?
Red is only comparing against other transactions.
Blind freddy can see that it is a cracking time to load up...
Lumina isn’t 6.6% though, there’s an additional production fee of 18-22% if you read the deal properly
And the royalties are at the smelter.
You can’t build a mine and extract ore for nothing
No he isn’t, is 1984 the only one here who understands business because the majority of other holders don’t see to have too much of a clue……..
Or are you just happy to let ramping happen because it suits your position ?
It was pretty obvious the red rampers figures were a joke in optimism…….
Of course you can't...these are Gross amounts...just a simple set of metrics, not a definitive value...
But the Broker valuations are current...390% to 677% uplift...
And if you rubbish those, why are you holding...?
Up to date...
https://www.nasdaq.com/articles/solgold-lse:solg-price-target-increased-by-6.67-to-57.12
57.12 average = 540%
Range 40.4 (353%) t0 68.25 (665%)
If you look at previous copper deals and see what has been paid per pound of copper in the ground you also get a lot higher valuation.
It seems like the rest of the world is a bit ignorant to what's coming with copper. Everyone knows the price is going to be much much higher yet bulk of majors have not made the switch or are slow in getting copper mines producing. Mad really. So no wonder it's the chinese that are the smartest out of all of them. quietly going about booking in key assets and resources ahead of a period of recovery. Recent LNG deal shows they are forward thinkers. While the bulk of Super majors look a bit big and heavy, slow to react and too scared about delivering the next dividend to shareholders.
SOLG is the answer to any Super majors need for copper, gold and silver. All on a plate. Not without risk granted. But even at 60p a share the risk is limited especially if the 60 odd licence blocks goes with a lock stock and barrel sale. There's plenty of ops across that resource folio to protect against any curve balls that Alpala might throw up in development. They might discover zero across these other blocks but highly unlikely considering the geology in the SA region.
SOLG will be sold. When.... is anyones guess. Most of us are tired of guessing... but Tier1 assets rarely remain on the shelf or in the minnows hands. Tick tock Scott.
We have certain poster's on here that think they understand supply and demand and that the algorithms are simple.
Supply and demand equations are some of the most complicated in economics.
.
If you think that more demand than you have supply for any commodity means the price rises, then you don't understand supply and demand cycle's.
You need to understand accelaraters and constraints within a supply cycle, not to mention constraints on substitute cycle's.
Gold and copper prices will be limited within any cycle.
The sage of stupid embarrassed himself yet again.
Supply and demand are remarkably simple to understand
Colonel, we've had enough "Tick-Tocs", LOL! Just wish the blinking starting block gun would ring in our ears for a bid!
Https://www.mining.com/barrick-gold-boosts-stake-in-hercules-amid-takeovers-craze/
There is action in the sector . Our time will come
Good to here from you bbg.
Glad your still posting, despite being ridiculed by the lnfester.
Where are you spending Xmas mate.
Italy the uk or australia.
Not sure aus is a good choice, forecasting hottest summer on record. Bush fires all over wa at the moment.
Still your aware of them. No need to tell you.
I forget mate, how long did you say you lived in australia.
Bbg. I noted your earlier post, thanks for sharing your insight and experience with us, telling us now is a good time to top up.
Your obviously one step ahead of pension funds, financial institutions, hedge funds, and a whole host of other investers, who one would think know their business. They seem to have run for the hills.
I note some of the board sages have taken your advice. The likes of rk, adikt, shipright, eloro, fort, etc. Have all topped up. And I can't remember them ever getting anything wrong.
The sort of posters we rely on for advice.
So on the back of this, I'm going to follow the board experts, and ignore these money people who havnt a clue., Ive just purchased 3000000001 for me, and 7000000091 for the missus.
quady, your post took me back to my a level economics exam and the relief i felt when i turned over the exam paper and the first question was something about supply and demand elasticity and the effect on price - it always was. and the same was true of my degree paper. it was the easiest question and you could guarantee top marks.
the fact is, the econometrics surrounding supply and demand are more or less useless - in the literal sense - for one reason; they cannot accurately assess human behaviour.
the truth is carlyle was right, economics really is the 'dismal science'. governments pay too much attention to economists, who rarely, if ever, get it right. and when they do, it's more by luck than judgement. they perform the epitome of graeber's description of 'bul***** jobs'.
For some reason this bb has decided grammar and punctuation are no longer important and, as a consequence, has mangled my post.
Ask three economists a question what do you get?
Five answers. They’ll probably be wrong too 😍
Sorry addicknt but I have to disagree.
On the way to become an actuary you have to take core technology exams in statistics.
Some of these include human behaviour and are very accurate.
If they weren't then insurance and assurance companies would lose lots of money in a very competitive area of the economy.
You don't get an in depth understanding of supply and demand without understanding the driver's in great detail.
Q, I wouldn't expect you to agree and I'm sure statistics are vital to the insurance industry. However, that's not the same thing as applying econometrics to macro-economics. Nor indeed, is it much good at the micro level.
Barrick paid a premium of 13% for the Hercules Silver stake at $1.10/share, however...
Just over a month ago, Hercules were 24c a share, so I suggest this leaked into the market...
The equivalent for SOLG would be, e.g. Jiangxi, Newmont etc paying over 40p in about a mon ths time for, say the CGP stake...
Pretty desperate ramping with that T20 limit approaching…….just picking random events to try and dig yourself out of the 💩
Everyone here know what you are up to you odious ramper…….
Give everyone a break ……..