Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Miagi , maybe the holes you see, are because you believe a bid is coming. I have said many times, that we have no evidence for this. I have heard people say, that no one can bid, without knowing BHP's position. This is obviously wrong, as anyone can talk to NM and see what he would recommend. I going to add something on this post, which is evident to me, but maybe people who think a bid is coming, may have overlooked.
If a friendly bid with NM is agreed, then Solgolds BOD recommend it, and the chances are it goes ahead.
However if a hostile bid occurs, then the bidder, has no more information, then that in the public domain. Due diligence does not take place for a number of reasons.
That means a hostile bidder, has to bid in the dark. This I believe is just one of the reasons, no one has gone hostile, and no one will. A bidder, will want to do due diligence and make sure that the costs and revenues are correct, from their point of view. Solgold is so hard to bid for, for so many reasons.
To me it has always made sense, that if anyone wants to buy Solgold, that they would talk to NM.
Quady, I know that you like to pride yourself on appraising facts scientifically, but the amount of logical holes I see in many of your statements belies this.
Miagi, seriously, this is beginner stuff.
Zoros the article you posted supports me read it. Volume is required for a market price, the fact that GGP has dropped on big volume, is an adjustment on market price. Maybe GGP is currently overvalued. ( I think so )
Volume has nothing to do with a single days movement. Continued volume, let's the market set a price. I have been doing this nearly 40 years. I know what I am talking about. I think you read from the internet, or a few investing books. There is a world of difference.
Quady, you most definitely have your blinkers on here. I think I have it: you think that volume is the cause, rather than the effect.
Thank you Miagi and thank you redknight (very dispassionate post, I must say).
Look Quady, please try to accept that you aren't always right. The link I showed you regarding the mining sector shows several companies that have volumes much much bigger than Solg, doing quite badly yesterday and today. GGP (dare I mention it) has 35 million trades thus far and is getting hammered!!! So the 1.3 million trades on solg are not the driver behind the 'drop' And when I said they were doing well today...you carefully elected to remove the word 'relatively' from your quote back at me. Yes they are down but doing much much better than the mining market in general.
A final word to comment on your view that solg don't have the same visibility (my word) as others so volumes could be predicted to be low anyway....Solg is on the Main Market and this is what the MM is all about:
"...How shares are traded on the Main Market
When a company's shares are admitted to the Main Market, they are traded on the London Stock Exchange trading platform. The trading platform is designed to maximise liquidity in the stocks traded on them, by bringing together a high number of potential investors (both buyers and sellers) with quick, efficient share transactions...."
They are (ergo) well exposed to a plethora of traders/investors.
Keep up Quady....you're talking boll ox most of the time these days....I worry about you.
Miagi, not having significant volume, means a market price is never achieved. Low volume does not dictate a movement in one way or another. It just means that because a market price is never achieved, that any move up or down, is without substance, as no one says, price is low, we can buy, or price is high, we can sell.
Volume achieves this, with much closer spreads.
Zoros is wrong.
I hate to say it but Zoros is right in this instance, rare I know. The drop today has nothing to do with volume, nothing whatsoever; it looks like a fairly typical day on the volume front.
Early doors the buyers dried up (risk off with the market uncertain) and there were clearly some weak sellers. MMs were happy to drop it on low vol. selling and hoover up the proceeds.
And before you say that I used the word "volume" in my last paragragh, of course, in a wider sense volume is everything (if there was zero volume nothing would happen, ever). But that is an absolutely pointless argument and volume must always be taken in its historical context, specific to a share.