Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Simples...why does anyone buy 42 million shares at 19.20...18% above what they could have paid 10 days ago...?
1 Because they are certain something is going to happen soon
2 Because for that size at that time there weren't enough people prepared to sell...except at a premium price and
3 Unless it's an incredibly ballsy private investor, it has to be an entity building or increasing their stake...
And when you look at...
Ingo, Ayten, Darryl, Jason, Lisa, Keith, Kevin, Elodie all going
Shut down of all activities and no PFS2 or Porvenir PEA, plus a merger with a company who detested you less than two years ago and the import of two of their key players onto the Board plus
Maxit advising both and their owner making a considered highly inflammatory and unprofessional statement to the press deliberately designed to anger our two biggest shareholders
The biggest, state owned, copper company buying shares and a subsidiary of one of the worlds biggest corporations (Mitsui/Sumitomo) desperate for a stake in Cascabel...
And finally somebody incredibly well informed buying shares NOW...you come to a simple conclusion...
So let the takeover war start...
REPO maybe?
Quady
Try putting a gap between each letter
Atb
Lower case r on research.
Q, yes, I had a look as well and couldn't see any evidence of a short position. So what is the instrument referred to which increases their holding by 14.5m shares?
I'm tying myself in knots on this one.
Good grief.
www.
Research
-tree
.com
X*********************X
Remove the X's
Lol …. Glad you cleared that up
Missing word *********************
Norges and BlackRock are far more heavily invested in BHP than they are in Solgold.
Solgold has not been shorted, currently 228 UK listed companies that have short positions.
Solgold is not one of them.
You can check.
https://*********************/shortinteresttracker
RK, what's your take on the situation, specifically the share purchase?
Voting rights always remain with the owner of the shares.
An investor enters into a short sale when they believe that the value of a security will decrease. They decide to sell the shares, however, they don't have any shares to sell so must borrow them from a broker and return them at some point. Because they never own the shares they are never the holder of record and will not have voting rights.
Voting rights always remain with the owner of the shares. This is either the original investor that bought them or the investor that buys them in the open market when the shares are sold in the open market during a short sale, which is agreed upon when opening a margin account.
lost, we don't have that number of shares held in Treasury.
could be Solg themselves I think I read in one RNS that they would be able to sell or lend their shares in advance of getting them when Solgold and Cornerstone merge. They used an unusual word that ment they could sell a load before they got them. I didn’t really understand it because if a bid came in prior to the deal with cornerstone it everything is stopped the merger doesn’t go through
I am with you. Lost in what this all means despite some explanations in provided links by some users.
if I've understood this correctly - and there's a good chance I haven't, we have an existing shareholder who's increased their holding via a short position, thus giving them more votes at the agm, whilst simultaneously protecting themselves against a drop in the sp. Or is it the other way round? i.e they've lent the stock.
Whatever it is, the other transaction is far more interesting. Who were the sellers and who who bought them? The absence of an announcement from CGP suggests it wasn't them selling, so who else has that number of shares and is happy to get rid of them at this critical juncture? Indeed, why would anyone sell at the moment? Could it have been Valuestone selling to Jiangxi? Or has BHP/NCM had enough?
It can't have been an accumulation of shares, over the past few weeks, as has been suggested, because there haven't been that many shares traded and you wouldn't see two single purchases. And it can't be anything to do with the placing as the price is wrong. Or is it a transfer between two related parties?
I must admit, I really don't understand this move. The timing seems extremely odd. Maybe we'll get some clarification this morning.
“In the last month Ecuadorian porphyry developer and explorer SolGold has attracted Jiangxi, the largest copper producer in China, as a third strategic investor on its register in addition to BHP and Newcrest, prompting speculation of a potential bidding war.
SolGold is a case study for the value created from the discovery of a gold-rich copper porphyry, which re-rated 20x between holes 13 and 67 at the Cascabel project, despite an unfavourable copper price and general resource markets at that time”
https://stockhead.com.au/resources/asx-copper-plays-looking-mighty-attractive-as-price-heads-north-and-ma-ramps-up/
Morning all. Just mulling over everything which has been said and what has happened in the last month or so, what stands out to me is why would someone say go f==k yourselfs to the big boys, unless you knew what was about to happen. That is literrally putting your reputation on the line?? I like a fighter, rogue, rebel whatever you want to call them, but there must be a basis for this statement? Either a cavalier who will save us or someone looking for early retirement ?? I think support of all resolutions at agm will see us over the line! Good luck to all long time suffering shs.
GLA
DK
Worthless
I think coppers are finished. I remember the farthing , the h"penny and the penny , old school , all gone. Now we had the new decimal halfpenny , gone. How long before the penny and tuppence? Copper is dead .
Othern you deramper, you lol ;-)