The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
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.
We shall see. Life has changed beyond recognition and is seems odd that some people haven't recognised the fact.
If you do understand fully, add, there will be a bid soon and I'll be left embarrassed. But I don't think there will be, so I'll remain correct. Do you have a date in mind when you'll realise I was correct? Dec '23 is fine :)
"But, but... There will be a bid, and soon... Because I really want there to be... And, and... A man paid to make it look like there will be a bid soon implies there will be..."
There has not been any positive sounds coming from any of our team… it’s all Irwin and Sangha.. being on the inside, doesn’t stop you from PR and promotion regarding any positive up coming near term events as long as you don’t reveal market sensitive details….
SH, sorry, you've really not grasped what's going on here and you most certainly do not understand the role of a retained adviser and specifically, Sangha and Maxit.
Thanks Pad for your feedback. Nothing like describing other humans as an infestation :)
If you were a major that saw a predicted structural deficit, would you rush to mine sufficient metal to ensure the deficit never occurred, and keep supply healthy and prices low? Or would you ensure you had scalable projects in the pipeline, but delay production until buyers were desperate and willing to triple your margins?
BHP aren't exploring Ecuador themselves as some kind of elaborate bluff. They expect to find resources all over the mountains. And if they do, they don't need cascabel.
They won't be rushed, and neither will anyone else.