Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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easyp, I think I'd dispute the claim that BHP have not shown more interest. The fact is they've invested a good deal of cash and, over the past two years, have become active investors - albeit not in a positive way.
A huge wedge has been driven between the company and them and the key question is, how will they eventually react? back-oof and slink away with their tail between their legs; or stand and fight? Mt money's on the latter.
SharketMare, I stand corrected and in that case I wish you and all holders a very boring year.
Red Knight I admit to being perplexed re BHP hence my post so thanks to all who responded. I am surprised that BHP have not shown more interest in SOLG but maybe they will reconsider that in 2023?
https://oilprice.com/Metals/Commodities/Extremely-Tight-Market-Could-Push-Copper-Prices-To-Record-Highs.html
Backing off in the last couple of hours...
Solid volume overall today and quite a few trades going through of a larger size...
Lets see if Canadian holders sell their shares this afternoon...not likely as 99.8% voted in favour and aren't getting the cash...
And, SM, during the same period the SP has risen from 24 to 40, down to 13.76 and back to the current c16, fluctuating significantly in between...
sean, you were really taken with Quibbles, weren't you?
Everything he said about the company was wrong and it was quite obvious he knew very little about the business. And as for his anecdotes...
Having said that, he shouldn't have been given the heave-ho, which was a ridiculous overreaction.
FlyingHigher, remember what Quibbles told us:
"The future doesn't belong to the fainthearted. It belongs to the brave."
Boring? I can only assume you haven't been following this stock closely for the last 12-18 months, or your portfolio is full of companies that have been through the mill more than this share has. Over the above timeframe we have:
- Had 2 new CEOs start
- Had a CFO start and leave after 8 weeks
- Had a failed fundraising
- Seen our coffers nearly run dry due to shocking mismanagement
- Announced intention to merge with a previously hostile partner and investor on our register (CGP)
- Lost our Finance Director due to a "change in strategy"
- Launched a strategic review of the company
- Brought on a strategic investor and potential buyer
- Delayed the publication of any further studies on our core asset
Whilst many of the above have been disappointing developments, to suggest that things have been boring here is pretty far wide of the mark. I wish things had been more boring and the business had done what it set out to investors in a timely and effective way.
They won't be a producer
The trouble with Solg is it's just boring for a very long time now. No major inflection points, just meh while they figure out how to be a sustainable producer
January 2023...
"Stocks that are considered blue-chip stocks generally have these things in common:
Large market capitalization. Market cap is a measure of the size and value of a company. ...
Growth history. Blue-chips have a reliable, solid history of sustained growth and good future prospects. ...
Component of a market index. ...
Dividends."
"Should you Buy into this Blue Chip Gold Stock
NewCrest Mining Limited (“NCM” or the “Company”) is the largest gold producer listed on the ..."
https://www.aceinvestors.com.au/segment-specific/1/blue-chip
Yes well aware.... it's a trait of late.... majors buying producers rather than large big Capex projects that take 10 years to turn a profit. They seem to want 'profits' in exchange for the cash outlay on a 3 year payback basis these days. Chinese are more long term visioned.
And back into the 15's we go lolzzz, so much for being the next big takeout. This will be into the 10's by summer ;((
you best get a better sauce then.
brown or red
let me guess... 'red'?
Fort you are comparing apples and oranges. You are aware that Oz is a producing asset. The rationale to do that acquisition is different from potentially acquiring SG.
Precisely my point... if they were blue chip quality in terms of market regs then they would have updated their SOLG TR1 after the Chinese equity issue dropped them through 13%.
But we got diddly squat didn't we. Same for NCM.
Very shabby for an apparent blue chip.
Colonel...I didn't have any of those things...did you read them elsewhere...?
"Dubbed ‘The Big Australian’, BHP is now the biggest share of the S&P/ASX 200 Index (ASX: XJO) by market capitalisation.
Over the long term, it is probably considered to be among the bluest of blue-chip shares. It is certainly a cornerstone of many retirees’ portfolios. "
https://www.fool.com.au/2022/11/23/macquarie-is-cooling-off-on-its-outlook-for-bhp-shares-should-you/
Topped-up tvm.
https://www.zerohedge.com/commodities/extremely-tight-market-could-push-copper-prices-record-highs
not sure what you're implying but timings wise.... you had SOLG and BHP talks going on around June/July - then you had what looks like BHP walking away and a failed funding round by SOLG.... then you have Oz Minerals BHP bid a couple of weeks later.
Looks pretty clear to me what happened!
BHP were always going to vote and show they are not happy. I think the fact that both NCM and BHP did not issue the required (decorum under market rules) TR1's shows they are seriously hacked off. Their game plan has been ripped up and turned into shreds.
When CGP get their shares, BHP and NCM should drop below 10% but even then as they are outside UK, they are not 'forced' to declare holdings but like I said... it's the blue chip calibre thing to do. Sadly neither NCM or BHP look very 'blue chip' these days.
Couldn't agree more Tesla.... Not just a great car !
ALGOs fiercely attacking the SP from 10.33...
Colonel...BHP's original bid for OZ was in August...
SOLG/CGP talks had been well underway for months by then...
https://www.bhp.com/news/media-centre/releases/2022/08/bhp-announces-non-binding-indicative-proposal-to-acquire-oz-minerals-limited
If's, what's and maybe's.........what a way (or not) to conduct your investing strategy! RK, go and listen to "Desperado" by the Eagles!