Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I couldn’t be happier with Shaun Day. I couldn’t be more unhappy with Solgold board. The former has a plan, the latter hasn’t a clue…..
What a waste of an asset like Alpala.
SM/Iseo, you are both right...I got my calcs wrong! Nevertheless, you understand my general point?
Iseo, agreed - that was my reading. So they've given up approx 10% of the 30% (3%) which might rise to approx 15% if Wyloo take up their options (4.5%). Better than if we'd sold the 5% to Newcrest for $85m or whatever it was.
Think he’s including the circa 10% additional dilution, but my understanding is our 30% has been diluted by 10% rather than the original 100% of Havieron so with the 5% we retained from Newcrest’s refusal recently we are FULLY FUNDED TO PRODUCTION!!) and still hold a larger slice of the pie than if NCM had taken the 5%.
Also holding SOLG so hoping for similar success here - GLA!!
Maybe 20% of a Tier 1 mine planning on production in two years makes more sense than having 85% of ore in the ground for who knows how long?
I just wish we had a BOD of the calibre of the expanded GGP team
Add, how did you calc the extra 10%? I might be wrong but wasn't how I read the funding RNS this morning.
https://www.afr.com/chanticleer/the-global-war-for-copper-is-just-getting-started-20220911-p5bh6v
It's a very interesting development and great news for GGP shareholders. But bear in mind, they've had to give away 80% of the project in order to get to this stage (70+10) and were "only" raising 340m.
This is the reality of a junior funding something to production.
:)
Have made a strategic investment in GGP. Come on Nick have a word with them for Solgold!
We all know who it is......
Okay thanks FTJNY
Russian forces withdraw from Kharkiv Oblast and retreat in Kherson Oblast
Hope your right! Glad you called it right on those Black Swan Events. Sadly I didn’t but hey that’s investments for you - some you win and some you lose! Hoping Solg will help redress the imbalance and make me a tidy profit :)
Ha ha :) Wish it was MF. No the plain and simple truth is that a number of years ago I was heavily invested in Lloyds Banking and had just started posting on this site so I chose the moniker FTJNY which at the time was Lloyds corporate strapline in their advertising “ For The Journey “
Boring but sadly true as were my losses in Lloyds when we voted to come out the EU which was ironic as I too voted to leave so maybe I should have paid more attention in my own convictions and less to the press which were all saying we would never vote to leave! One of my life’s more expensive learnings but at least I’m still carrying forward the losses on my tax return so MAYBE one day I can offset them against a stonking big profit! Hmmmm now where could that come from ?
FTJNY,
Nothing wrong with asking a question if you’re not sure, that’s what a BB for, we all don’t know the answers to everything
Atb
Sorry Woody it was me speculating if the reason for the pulled ( or failed) fund raise might have been a bid subject to DD and a confidentiality agreement? The overwhelming consensus was No so not for the first time have I been barking up the wrong tree but I felt worth posing the question :)
Just checking the BB, has something material happened over the weekend re funds raise/bid news please?
Ukrainian forces 30 miles from Russian border near Kharkiv. Souce Reuters
Ouch. Let's hope there's nothing else in your portfolio to add to that unenviable record.
They aren't the same type of suspension MineFinder.
Trading is sometimes suspended for regulatory reasons, if, for example, a company doesn't file it's annual report by the deadline. A company may also suspend if it's subject to something like a reverse takeover (predominantly cash shells) or if it intends to delist from the market.
Other than that. companies won't (usually) suspend just to make an announcement. They'll just announce at 7am so the whole market has the news in advance of the open.
MF, I said 'whenever possible'. There are always circumstances when it isn't, but in most takeover situations it is.
You are right, Bozi. One of the fundamental tenets of the Stock Exchange is to allow all shareholders to trade whenever possible. They do not like suspensions.
When was the last time it happened, if it happens so often?
Other markets have a clear suspension protocol for capital raises and other material announcements. London does not.
SOLG would only suspend if a functional market could not be maintained. That would be some leak. Virtually no chance it happens anyway.
Fomad - London listed stocks don't suspend in anticipation of an announcement so there should be no concerns on that front.