Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I know there's not a lot going on, but that was one of the most polite days in years.
People were able to offer different perspectives to each other without insults...
Mind you I do have some of them filtered.
See you all tomorrow and hoping for a breakout above 24p on the back of a stronger copper price...
Zzzzzzz
Correct Talatum we have known that for ages, plus they will not offer full value.
As Solgold have said so often we proceed with plan A.
SAT2 No mention of Ecuador. My reading of the article is that bhp only interested in producer companies/countries. if that is right then BHP will not make the first move till we are near production.
hope I am wrong otherwise a long wait ahead
Red,see you 7am tommorrow
UT 465,664 at 23.25...solid...
Oh and thanks again guys for a well mannered, constructive days debate...
Sharp fall in the dollar...copper $3.65...gold $1803...
I would like to think there are more than BHP and Newcrest interested in Ecuadorian resources, , wouldn't be unusual for 3 Majors to get involved in an asset and assets!!!, that SOLG have under their belt, Majors need to be looking 10-20 years ahead for growth and production, SOLG could be the answer? In a Friendly Country, with RIO having the door closed on its large lithium Project in Serbia by the Govrnment and protests, it is on the lookout for other prospects, imo
GLA LTH Now that would be very good news, for all the parties , given the size of Cascabel ,have one to lead the project with the other two taking Royalties for years to come, imo
DBW, I was outlining the reason why it WON'T go into administration. Over the past few days a few people have implied that this may be BHP's plan.
I think the OZ minerals approach is a very timely bit of M&A for us SOLGers. Noront was a nice example of how a stock can trade on very little volume and flat line at 23cents only to burst into life on a bid from BHP. OZ Minerals much the same. Unwanted and struggling with share price near yearly lows and then boom... BHP make a bid. Now SOLG are not a $6bln acquisition nor are they a $700m job either. It's somewhere in the middle circa $3bln imho. So OZ Minerals will be very interesting to watch and see the twists and turns. Are BHP using this bit of M&A to test their competitors? Will it (whatever the result) make them think differently about a bid for SOLG. Should they win Oz Minerals over, will they then add SOLG to the folio or does that open door to NCM? Or if they fail on OZ Minerals will they make a dart for NCM? I just get the feeling that BHP have an M&A plan and map and this is the first domino to fall and we'll soon see what happens after this one plays out.
I'm off to make a fantasy trade on Oz Minerals which I just sold guys at $25.5 a share after buying at $6.6 in covid downturn. Well happy with that hindsight trade. Oz Minerals for trading... lol!
Cheers big boy....good job I didn't do one then....:)
Very astute of you max.
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Thanks for the link pad....we know it's coming, what we don't know is when....and not necessarily BHP.
“The research shows a big chunk of all IPOs are still in gold, but many of them are gold-copper with the copper side increasingly relevant.
The most successful Australian gold mining entrepreneur of the past decade, Bill Beament, committed a kind of heresy at the 2021 Diggers & Dealers when he declared gold was “not green” and he would instead pursue a future in “green metals” like copper.
Mr Andrawes expects the local gold industry to remain strong, but he sees battery minerals and green metals becoming a key pillar of the Australian economy”
Like this bit too
“Anyone even halfway advanced in developing a lithium project had electric vehicle manufacturers and battery manufacturers all over them for off-take,” he said.
“From the top end of town, reflected right through the industry, down to the smaller end, there’s strong interest in energy transition.
“It comes into battery minerals, it comes into copper, which is part of the transmission of energy, and even uranium has interest because of the carbon-free element of the power it generates.”
Great find Pad …. You never disappoint
https://www.afr.com/companies/mining/green-metals-boom-leaves-old-miners-feeling-browned-off-20220810-p5b8r7
As deputy chairman of Perth stockbroking and financial services firm Argonaut, Liam Twigger is a well-known face in mining equity markets and the mergers and acquisitions space.
He is also chairman of SolGold; the Ecuadorian copper explorer that many believe will follow OZ into BHP’s acquisition crosshairs.
To be fair it made me chuckle….. the funny thing is if anyone actually believed administration was a possibility they wouldn’t be here ….. tell me another, the one where electrification isn’t the way forward
Absolutely love peoples imagination here, administration has to be the stupidest suggestion so far to date, but no doubt someone might trump that lol
Administration would be a stretch IMO but I could certainly see the share price being further suppressed if the management is continually thwarted in it's attempts to secure new capital.
It goes back to the options we discussed last week whereby we'd possibly see a poor deal executed out of panic and necessity to keep the show on the road.
There's another London listed story that could be worth drawing a parallel too (PUR). They're in production and struggling to get to cash flow positive status for a myriad of reasons. Look at how their major holders Anglo Ashanti have reacted.
It's nice to think we have shareholder base to rely on but whether it happens is another matter entirely.
There is no way interested majors would allow BHP to take this into administration...
My big fear is BHP would be willing to stand back, watch us crash ourselves on the lunacy rocks of going into production and come to the "rescue" when we get in way over our heads. Bit of an ordeal to go through 5 more years of a stagnant or falling SP only to get snapped up in 2027 for 30p a share.