Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And here's an interesting quote from the Greenland Institute report on mining in Greenland...
(It is also of interest to fellow holders of JAY on here)
"Greenland is thought to have excellent geological potential for sediment-hosted copper although to date there has been little exploration. China’s largest copper producer, Jiangxi Copper, is involved in ex- ploration in eastern Greenland in partnership with other investors from Jiangxi province and Nordic Mining, a British mining exploration company. Jiangxi Copper has aspirations to become one of the world’s largest integrated mining companies and is currently involved in a series of mergers and acquisitions in China aimed at becoming a major player in China’s rare earth industry. Jiangxi Copper appears eager to secure overseas assets to supply its smelting business with copper concentrates, and recently ac-
quired a stake in mining operations in Albania. If the group from Jiangxi makes a significant discovery they would have the capacity, through Jiangxi Copper, to develop a mine relatively quickly.'
It’s just another day in the Solgold journey, towards whatever the outcome may be. Shock horror, one is able to buy or sell shares on the London Stock Exchange. I don’t need twice hourly updates on this fact, nor do I need what is supposed to be an informative chat board clogged up with seventeen guesses each day on the intention of each significant shareholder.
Jiangxi is highly acquisitive and is building a portfolio of investments such as 20% in First Qunatum, which may well lead to a full blown bid...
Remember these companies have the full and unlimited backing of the Chinese government which is seeking to gain a stranglehold on strategic minerals and REMs...
"China’s copper producer Jiangxi Copper has signed an agreement to buy the entire equity interest in PIM Cupric Holdings (PCH), which owns a 17.6% stake in First Quantum Minerals , for $1.1bn.
Jiangxi Copper will acquire PCH from investment company Pangaea Investment Management (PIM).
The transaction is executed through Jiangxi Copper’s wholly-owned subsidiary Jiangxi Copper (Hong Kong) Investment Company (JCCHK)."
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016...
FQM owns the Cobre Mine in Panama
Cobre Panama represents a total US$6.2 billion investment, partly financed by deposits in the amount of US$1'356 million from Franco-Nevada against future deliveries of gold and silver produced by the mine
At full current capacity, the plant will process 85Mtpa of ore to produce more than 300,000 tonnes of copper per year along with gold, silver and molybdenum.
Jiangxi now owns 18.3% of FQM....Blackrock owns 2.01%...
In Latin America, Jiangxi and Minmetals are developing the Galeno property in Peru's Cajamarca region, which includes four concessions containing copper ore, silver, gold and molybdenum, through Lumina Copper.
Mining company with Chinese capital, China Minmetals Corp (60%) and Jiangxi Copper Corp (40%)
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
It is one of the largest metals and minerals trading companies in the world In the latest Fortune Top 500 Rankings, the company ranks at 120th with the 1st place in the metals industry.
Minmetals (MMG) is a wholly owned subsidiary of China Metals
Minmetals, parent of Hong Kong-listed Minmetals Resources Ltd (1208.HK) and Shanghai-listed Minmetals Development (600058.SS), is focusing its overseas expansion on Latin America and Africa to secure natural resources to supply a fast-growing Chinese economy.
In 2011 Minmetals (MMG) launched a $6.5 billion takeover bid for Equinox Minerals, a Canadian mining company. It was the largest unsolicited takeover attempt by a Chinese mining company to date.
https://www.proactiveinvestors.co.uk/companies/news/81676/anvil-mining-says-minmetals-takeover-offer-extended-21532.html
RK, there's far too many what if's , maybe's and could be's etc etc in your posts! Why don't you wait for concrete info in the form of a RNS rather than constantly guessing. For someone as experienced (your words) as yourself in the investing world you sure do let your imagine take control! Impatient I would say, although it could be interpreted as an agenda?
Skippo you don't have a say in outcome
For those who don't want to read all the grey matter, here is the key point:
"Compared with domestic counterparts, the acquisition mode is very similar to an overseas acquisition case by China Minmetals Group and Jiangxi Copper 2 years ago. Tongling Nonferrous Metals Group first set up a joint venture company with China Railway Construction Investment Company Limited and then acquired Corriente Resources through this JV."
The shares have been bought by Jiangxi Copper (Hong Kong) Investment Company Limited, almost certainly on behalf of Jiangxi Copper Company Limited (which is 48% owned by Jiangxi Copper Corporation (essentially the Chinese Government...)
Blackrock owns 1.9% of Jiangxi Copper Company Limited...
So its possible that Blackrock has been using its investments in SOLG to hold the SP down while Jiangxi acquires shares in the market...
Meanwhile, 39.91% of the shares in Jiangxi Copper Company are owned by HKSCC Nominees...I wonder who that might be...? What if it turned out to be BHP or another major...?
what does this mean on the proxy voting sheet
12. Disapplication of Pre-Emption Rights of Existing Shareholders.
13. Further Disapplication of Pre-Emption Rights of Existing Shareholders
Don't be surprised if a TR1 is for another Chinese company, because their classic way to acquire overseas mining companies is to J/V between TWO Chinese operators.
Here is how they did it at Mirador (in Southern Ecuador)
"China largest and third largest copper producers Jiangxi Copper Corporation and Yunnan Copper Company Limited respectively have become partners with China Minmetals Group and Aluminum Corporation of China Limited and now Tongling Nonferrous Metals which is the second largest copper producer has finally found someone to fall back on. Tongling Nonferrous announced December 29th 2009 that its majority shareholder Tongling Nonferrous Metals Group Holdings Company Limited have joined China Railway Construction Corporation and acquired 66.67% of the shares of Canada's Corriente Resources with CNY 4.41 billion.
Tongling Nonferrous Metals Group defeated many competitors for the acquisition. According to Reuters news agency last year, companies including Tongling Nonferrous Metals Group, the world's fourth largest copper producer Switzerland's Xstratar Company and the world's largest copper miner Chile's state copper company Codelco all expressed interest in participating in Corriente Resources' Panantza, San Carlos project in southern Ecuador.
Compared with domestic counterparts, the acquisition mode is very similar to an overseas acquisition case by China Minmetals Group and Jiangxi Copper 2 years ago. Tongling Nonferrous Metals Group first set up a joint venture company with China Railway Construction Investment Company Limited and then acquired Corriente Resources through this JV.
Although Corriente Resources is listed on the Toronto Stock Exchange and the New York Stock Exchange at the same time, its main asset lies in mineral assets and mineral interest in the Corriente Copper Belt in southeastern Ecuador."
The only buy prices I quoted were based on 10,000 or so because I didn't have the cash availabled to do large dummy buys...
Just want to check I've not misunderstood red's logic (he's not a ramper). When volume is up, it's because there is about to be an imminent bidding war for solg. When there is no volume, it's the 'calm before the storm'? If there is normal volume tomorrow, and we finish about flat, what will that signal? That a bidding war has begun?! There are a bewildering number of horsemen preceding this storm...
Probably just the same as the last two weeks of trading where you've been able to buy or sell large chunks of your holding.
The SOLG market is very quiet today...
SP well down but so is the RSI which is at its lowest level for some time at sub 30...
And yet I can buy 250k or sell 350k at the market price...
I wonder if the 'big buyer' is filled and we may expect a TR1 in the next 48 hours...?
Lull before the storm...?
You didn't miss much! It was the same old rubbish from the man that said "Russia will not invade Ukraine" and "Cressida Dicks replacement will be neither male or white" Just a long line of wrong predictions. You get my drift who it was Jezzoo? Just another rant that won't be missed!
Damn, missed it.
Contacted pest control but only got a record saying they are very busy and will be available again after Xmas.....:)
Will have to use the home kit for now....:)
Good luck guys.
Looks like weve got another infestation...
Addicknt
You are spot on..
I don't believe I tried to teach you anything, cash- I made you what I thought was a kind offer. Anyway, we don't need to speak any further. Please stop thinking about me :)
Funny that you don't want to be the English teacher anymore.
Well you like picking errors in my posts. With spelling and such ..
'Highlight him on his English'? Not sure what you mean by that, cash. Sorry :)
I believe the 1bn was totally misrepresented. There's no way it was anything other than expressions of interest. At that stage we didn't even have a PFS, let alone a DFS, so there was nothing for lenders to base a decision on.
Hey Stackhigh..
Are you not going to highlight BOZi on his English.
No... are you the same person? .