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Not true, Q. I've always maintained an open mind about timing, but I am convinced of the inevitability. Btw, talking of misleading comments, I can't think of a single occasion when you've said you'd accept two quid. This is yet another attempt by you to re-write your own history, viz your oft-repeated assertion that you've never said there wouldn't be a bid.
You seem to adopt this moral superiority in your posts, driven by the fact something hasn't happened yet and yet you seem incapable of grasping the self-evident truth that the past is absolutely no guide to the future.
Why not £5 a share? Who is the fantasist now?
You have absolutely no concept of how it works do you? If say BHP were willing to buy, they aren't thinking about you and your shares, they are thinking of the price tag.
Say £2billion for the lot right now. That works out at just under £1 a share.
Say £2billion for the lot next year, after a billion new shares have been printed. That's about 66p per share.
The more dilution, the more that headline figure gets divided up into smaller slices. And there is going to be dilution, believe me.
Even in 20 years time you won't get £2 a share. If the MCAP is £50billion by then you can be assured there will be 100 billion shares in circulation and you will get 50p.
You will never get £2 a share.
You keep saying you "have been doing this for 40 years". Doing what? Making a fool of yourself? How did you manage that before the Internet? By writing letters in green ink?
There is no scenario down the production route where current small holders, not protected by options and bonuses and fat salaries, don't get swamped and then gradually erased by dilution or debt or joint ventures which create new finance structures. You are a turkey voting for Christmas.
Seanhunter try reading my posts, I would welcome a bid in the two pound range. I have always said that. What I don't want is a cheap take out because we haven't attributed value. The only way we can do this is by creating a production mine. I post the production route because it is the most likely scenario. Lots of people including Redknight and Addicknt told me it would all be over by Christmas and that this was a certainty and I didn't understand the situation. That was back in October 2018 when the BHP standstill ended.
It's kind of strange to see it return as such a big issue but inflation certainly is a factor when deciding to hold these days. Sp was 25p in 2017 and 25p today. Inflation now running at 9% or so eating away at a value that only looks like it's standing still.
Also, if it becomes clear there is ko bid incoming this year, and the spending and dilution taps are turned on there's increasing danger we become the target of some of the more vicious shorters out there.
If the sp is going to drift from here on in, its hardly likely to be upwards. Apart from Quady I doubt that anyone is really looking forward to the first 5 years or so of the journey into production.
Agreed Forti, this is the period to hold tight onto your stock as Institutional investors fully expect lots of weak time constricted private holders to let go of their shares at this current prise as holiday season and cosy of living crisis increases. Aware that some may be under too much pressure to sell, however this will play straight into the hands of i i.
Have a great day all. ONWARDS & UPWARDS !!!
Unfortunately freedom of speech on here has gone back 50 years, since the presence of certain posters
Copper prices down, Oil prices down, Gold prices down... anyone would think the Fed Reserve want inflation down lol! When will they stop interfering in markets. They've printed trillions of dollars over covid times yet still they try to protect the dollar. It's laughable but the damage done now in manipulating metal prices will haunt them in years to come as inflation will return with a vengeance when oil supplies are insufficient to meet demand, when gold prices surge and copper/gold follow. Lowering copper prices helps China's massive infrastructure plans (and the US). If China gets back to growth then it normally bodes well for other economies which may well fend off a recession or limit one to a very small period.
Lots of games going on out there in markets at present as the politicians fight to hold onto power as the 'people' rise against them when they feel the pinch.
Mordaunt looks a shoe in as Truss and Sunak just the old regime and part of the Boris clan. Tories need fresh face and new regime... or it's curtains at next election. Truss looks weak. Sunak looks even weaker. Mordaunt looks like Maggies daughter.
2m shares traded today. Average has been 3m, so my bet is 1m after market will be published t0morrow. This years AGM (2022) will be my last, as it will be for Nick if things don’t move. JV/sell cascalbel concession, don’t do a SXX. Tell shareholders what’s been done with the regional drilling.
Hopefully spin out and keep Green Rock, so we can see what’s under the outcropping at chillanes and to keep porvenir.
Alpala has produced some of the greatest drill holes intercepts in porphyry copper-gold exploration history! So show us the money. I don’t miss the dinosaur on the front of the presentations, showing we may be extinct soon, if we don’t change tack.
IF....IF thereis anything 'afoot' then it can only mean one thing: A JVA with one of the major's.
Lasso wouldn't agree to a takeover if it meant disturbing all the good work Solg has set up over the years. He (and the neighbourhood) would want stability after all this time and frown on a Major steamrolling in with a bid.
So IF there is ANY good news for us 'plebs', it has to be a JVA.
Z
Options for staff and directors? What does it really mean? Are they getting the same bulls t , but the options keep them content? I would say it's all a smokescreen to keep the plebs happy , make them think they have actually got something for nothing.
No free lunches in life eh.
Cornerstone and Irwin have been very quiet for quite a while now… and today cornerstone announced more stock options for their directors and staff..
It makes sense, DBW. I also feel it in my bones, something afoot in the background! Just hope our "good news" comes before further deterioration of international markets. So much bad news out there!
I realise I’m probably in a minority of one .
But I’m personally perfectly ok with where we are just now. Things are 100% happening and they will unfold when they do. The pieces are being put in place and the JV/ buyout will come soon enough.
Enjoy the summer and sit tight it’s just a matter of time and there is a very good reason why we haven’t had to raise any funds ….. just my thoughts and perfectly aware this post won’t receive the warmest reception
Was showing early afternoon so take a look back at the earlier trades...
Hope that helps you sleep better and confirms I am actually just trading and not using "monopoly money" as maxi suggested.
Yes it's there david....
#back@23p
Anyone see the 38146 trade after 10.36 today that our hindsight trader was referring to this morning?
Seanhunter the delays have been explained.mostly COVID related.
If you don't believe the company, then may I suggest you sell up and invest in one you do believe.
Does anyone have the actual document explaining the price target of 49p?
SharketMare companies do not behave like you suggest.
You must be incredibly gullible to say what you have to support your world view about a bid.
We have no bid and Solgold have explicitly said they are not talking to anyone about a bid.
Today we have an announcement of another bod member joining with experience in delivering a large scale mining operation. Do you honestly think they have done this in order to bluff the wider market.
You are living in fantasy land .
They are the research arm of Clarksons shipbrokers. Clarksons, a UK firm, merged with Platou a few years ago and are the world's largest shipbroking firm. Coincidentally, I acted for Platou on another transaction before the merger.
Zoros no idea. Don't know Clarkson.
j maria imbarra - I was using other brokers valuations.
While you are on - wtf are clarskons platou??
Z
BHP -6%
ANTO -23%
LUN -35%
RIO -11%
AAL -22%
GLEN 1%
SSRM 1%
SOLG -3%
Quady, there are some very loyal, very long term holders on here but I doubt even they believe everything the company says.
There has been wholesale change at the top. I don't know these people, I don't trust them, I don't believe them. I will, however judge them on their actions and results.
$4 million went missing. i don't condemn or judge. But you believe everything the company says.
Targets missed, results delayed, no shareholder value created in 5 years. But you believe everything the company says.
I think I hear your doorbell ringing mate - go answer it, it's the wallet inspectors.
Quady, what is complete fantasy is you thinking that dilution will be minimal if we go to production solo. You (as ever) take news from the company that supports your own viewpoint as gospel, and come up with a myriad of excuses to let the company off the hook when they say something and then fail to deliver it, or do something totally different.
You are the master of cherry-picking, if nothing else.
There are many, many good reasons to not take what the company says at face value. Most people with half a brain and the ability to think critically can see this. For example, stating that you intend to take an asset into production even if that isn't your actual aim is a good tactic for squeezing the highest price out of any potential buyer. Likewise, in this instance, claiming that dilution will be minimal is beneficial because to say anything but that would have existing (and prospective) investors running for the hills.
How can you not grasp these very, very basic concepts?