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anon...the facts are:
Theres going to be a takeover battle soon...
And you won't read about it in a RNS until it starts.
Some of us actually know more than stackhigh who does no research and posts opinions as if they are facts.
Got it.
How much lower does the price have to go before it start going up again?
Now thats just ignorant and stupid.
Why don't you just go back little man and read the masses of research I've posted on here...
Do you do any research at all or do you just post bluster...
Major mining companies only make money if there is ore to mine...
Share prices are discounted on future revenues for many years ahead...
So try these...
"In October, a surge in metal orders from warehouses in Europe saw the LME inventories plunge by as much as 89%, to its lowest in 47 years."
"Meanwhile, S&P Global Market Intelligence predicts that due to a shortage of projects, copper supply will lag demand starting in the long term, putting our climate goals in serious doubt."
"Diminishing supply from currently operating mines, combined with the projected increase in demand for copper concentrate over 2021-2030, would result in a 3.85Mt production shortfall in 2025, S&P Global estimates."
"Higher copper prices would also reflect years of underinvestment within the mining industry dating back to the 2000s, leading to a lack of new projects and a stagnant metal supply.
Dwindling copper reserves and lower ore grades at some of the world’s largest mines also mean that a new deposit would just be replacing the existing output..."
"Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place, CRU estimates.
Some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pit to underground."
https://aheadoftheherd.com/copper-boom-likely-to-last-for-decades-prompting-a-global-hunt-for-new-supply/
Why do people who think there won't be a sale anytime soon get attacked so much?
I honestly think it's because a sale is all some people see as a quick way to a profit.
That may be true, but that's more gambling than investing imo.
It's quite depressing to see holders constantly arguing, even though we all know it's a good investment and it's all just a matter of time.
I didn't bring up the deficit as a reason for a buy out, Red- that was fort, I think. I don't believe it will be enough of a factor to force a sale before Dec '23
Stack this is typical of your uninformed rubbish...
"The structural deficit of copper is predicted by banks, but majors know their assets and timelines. They want a slight shortage to boost prices. Hence no rush. :)"
Theres a 200m tonne deficit but the copper price is languishing lower than it was 2 years ago, nearly 30% below its high for the year...and its going nowhere...
Do you spend hours making this stuff up...?
I'm not a gambler, Kat.
I add nothing? Easy Rampy - that's the pot calling the kettle sneaky right there!
Add I just filtered it after a few days …. Life’s too short
Initially I had credited this bloke with a degree of intelligence - I now see I was mistaken.
Stackhigh...you fill your posts with categorical statements that read like facts, about things you know little or nothing.
And yet you rubbish us for saying a bid(s) is coming.
Frankly you have no credibility...
You reappeared on here about a month ago, since when you have gone out of your way to annoy people or downright attack them...
Why don't you just go away again...you add nothing.
Stack - If you REALLY believed that there will be no sale over the next year ( and therefore no catalyst for s.p. growth ) you would sell up and buy back in ( for example ) 9 months, not just sit here and grumble for a year. Can we all just put him on ignore.
I'm not sure there is a market for imaginary shares, cov, so I'll probably sell my shares instead. As I've said throughout: I get that you don't like my argument because it doesn't get you an immediate payday, but maybe try not to get so petty as to question my investment. It's only £25k of inheritance from a few years back :) have a good evening
If the exact opposite is true, add, your sale becomes more likely when... After Dec 2023, like I've said all along?! Ha! This is almost too easy to be a sport?
You're all wasting your time even arguing with stack , he will peddle the same same old until he is proven wrong. If and when he is proven wrong , he will then tell you he is very pleased as he can now sell his imaginary 200 thousand shares at a handsome profit.
The fatal flaw in your argument is that you don't understand the process we're currently engaged in, and the timelines involved.
Your claim that the imminent sale mantra gets weaker every day is, I'm afraid, complete tosh. The exact opposite is true. What exactly do you think Citi and Maxit are doing?
Add, the only irrefutable evidence of a sale is when my shares get transferred to the buyer. The only evidence of no sale is... Everyday we don't sell. Add today to that body if evidence. My opinion continues to be proven correct every day. The mantra about an imminent sale gets weaker with every non-sale day. Do you see that?
The arrogance that this 'sale-certainty' points to is astonishing. It implies that we are the chosen, smart few who have seen the potential of a multi-bagger and are the only ones doing good enough research to recognise it.... And the fact that no one else is buying in the open market points to their silly opinions that it won't sell for a huge premium in the next year. How misguided of them. Good job we're all correct and in on this big secret...
Or scenario two- investors don't care, and buys aren't happening, because there is no buy out
"We won't sell before Dec '23" Followed by: "Beware posting unsubstantiated conjecture".
I assume you can see the contradiction?
Goodness me fort, you're obsessed! Writing essays about my opinions!
We won't sell before Dec '23. Of that I'm confident. You have your reasons for thinking otherwise, but most are based on circular arguements developed here, on the back of biased individuals blustering. I just don't think those with pockets deep enough for a buy out are going to be forced to bid soon, which has always been my point. Have a nice life- beware posting unsubstantiated conjecture :)
Stackhigh,
You've embarrassed yourself already so I wouldn't bother being concerned over being embarrassed when a monetisation event arrives 'before Dec 2023'.
You seem to have zero comprehension of how markets work. The metals market and the miners involved are not like OPEC lol! This isn't a cartel. It's who dares wins and has been for the last 70 years+.
So RIO, Anglo, Codelco, Barrick et all just happy to plod along at the same speed with no rush and they are all in cahoots1!
You couldn't make it up.... oh wait a minute... you just did!
Indeed Quady, because they do - that's the nature of any business. Anyway, it's good to see you now accept the fact...which is quite a shift from your long held opinion.
Stack - you have to own the mine to be able to manipulate in that way. I would buy that future proofing asset before it’s taken away for good by a competitor - especially if it is a rare, tier 1 discovery capable of being “manipulated” for 60+ years.
GLA
“The Board will commence a process to fill the independent Non-Executive Director positions. The Company will update the market on this in due course.”
Will this be an opportunity for more friends of CGP to get a seat at our table to complete their coup… complete with nice bonus package and options before monetising.
Addicknt you are always saying that things have changed.
I remember after BHP'S standstill came to an end.
You said it was over we would be sold.
That was years ago.
I do accept that things have changed, but we need to wait for the strategic review to see what unfolds.