Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"It's clear you have no idea how building Alpala will increase the share price not decrease it,"
In the end Quady yes, it will certainly increase the MCAP. Probably not the share price though as the dilution involved is going to be immense.
But until production is actually at an advance stage and showing dividends, it is nothing but a gamble, a risk and a vast expense. The lean years will be long and painful.
I won't be posting on this board much if ever again once the dilution tap is turned on - I'll be a trader and no more, looking for daily movement, with no real right to give an opinion on where we are heading or how we are performing. But until then, I'll be here to warn you.
Seanhunter what are you on about.
It's clear you have no idea how building Alpala will increase the share price not decrease it, as the assets we build are part of the NAV.
That's not true Zoros this is a new recommendation.
Thats DOWN from the last @ 105p.
You couldn't make it up could you?
Z
SolGold Rated New Buy at Clarksons Platou; PT 49 pence
Watch out for the trade 38146 addict at some point today...
7 years Zoros, more like 17.
With the SP depressed for a decade and almost non-stop dilution, BHP can afford to sit on the sidelines and watch us knock our pan out. When we are exhausted in every sense of the word, they can swoop in and kindly take the whole show off our hands for a pittance. Or even if they pay $5billion say in 2030, with the coming dilution that'll probably be 25p a share by then. Revenge, they say, is a dish best served cold.
We get rescued by a bid, or it's the long dark low road from here on in.
SharketMare - best post for ages - concur 100%
This rejig of company exec's reinforces Solg's aim to go for production primarily and a JV or increase in partnership stock or a bid - if they come along, will be looked at sympathetically, methinks.
The thought of another 7 years with Solg does my head in.
Z
Z
Morning copperpot, hope you're well.
I agree that an imminent bid does not look likely at present. There are a few things going in our favour (somewhat) if you want or believe a bid is in the offing.
1. Tumbling copper price - value of the assets in the ground has declined over the last few weeks. Benefits majors looking to acquire projects.
2. Majors are cash rich.
3. Funding for juniors/explorers increasingly difficult to access in this macro economic climate. They will be forced to raise at lower price.
4. Explorers are currently unloved by the market and are looking cheap and vulnerable to lowball offers.
If you're a major, conditions to snap up assets at bargain prices don't get much better.
Today's senior appointments demonstrate that the company is setting itself up for the long term. For me, the question is whether that is long term for the rest of the portfolio, i.e. Porvenir and the other tenements. Or, whether this new team plans to build Alpala.
The sole hope I have for this share, this year, is that we agree a JV with BHP and/or NCM that drives a re-rate of this stock to a suitable exit point. I'd be happy with 45p and I'm sure many others would too.
Good luck to all those trading this over the next few months. I will be doing the same!
I have a question for you addict as you claim everyone knows my game? Do you not believe I'm invested here despite me stating my buys yesterday morning?
The difference Fortissimo between a poor old PI, selling out early, and an II, is that the big boys aren't dealing with their own savings or pensions - hence they can afford to think in terms of decades. Them buying in at 35p doesn't matter today, at 26p, they can wait it out Are they taking a stake? Of course. Is there a prize here? Yes, ultimately.
But who here can really happily wait another 10 years? Some yes, most no.
Will this end up a vast resource worth a fortune and producing massive income? Yes. Is there a path for anyone of us here today to get a fair share of that based on our existing investments? Without a bid right here right now, no. We are going to get crushed under the wheels of production and endless expenditure. We were only the seed money. A tsunami of dilution is coming. Yes the big boys will be fine, the big boys will ALWAYS be fine - that's why you can't compare their strategy to ours: they can take the knocks along the road that destroy the small fry.
To get best bid or best deal at the negotiating table you have to be in a strong position and look like you are capable of delivering on the project scale required.
SOLG is a doing their best to get best value out of the assets and avoid a low ball take out.
I think Mather wants to rinse and repeat with the folio so perhaps a JV deal on ENSA likely although still think IPO of ENSA the best option. Notably two appointments today are Ecuador / Quito based. Important if you are ticking the boxes as being an Ecuador company for Ecuador. You can't run an Ecuador business from Brisbane.
Exciting stuff. Norges adding. Blackrock adding and by sounds of it Sean and co selling. That's what happens with the big prize stocks. Shares move from pi's hands into ii's hands and the latter get richer.
Probably when we are invited to take part in the primary bid placing around 21-22p……
I wonder when we will get an RNS that is of benefit to the shareholders?
"Everyone knows your game and no one is remotely interested in anything you have to say"
If only this was true!
"Confidentiality agreements flying left right and centre .
Happy to cling onto some hope so OK I'll bite - can you elucidate?
I just agreed with another poster. I'm here to trade this share and give my opinion that's what this board is for...
Addicknt, with regards sarcasm, check out some of your own posts aimed at Quady!
Pot and kettle?
MR, why are you wasting your life on this board? Do you get some sort of perverse pleasure from your sarcasm? Everyone knows your game and no one is remotely interested in anything you have to say, so what's the point?
HERE WE COME!
ps..........A BID IS NOT IMMINENT..........lol ;-)
"Looks like SOLG is back to being a trading share only - 25p to 28p range now established, but I expect the cycles to be downwards towards the 19p mark. 24p - 27p then 23p - 26p, then tightening up and making it harder to trade, 21p - 22p etc as hope of a bid fades."
Now this I totally agree with...
Although looking at Harold (Bernie) Loyer current position, sounds like he could be the guy to move this into production.....for BHP :)
Torex Gold Resources IncTorex Gold Resources Inc
Mar 2015 - Present · 7 yrs 5 mosMar 2015 - Present · 7 yrs 5 mos
Responsibilities include the execution, operational readiness and ramp-up to commercial status of the Torex Morelos Project, a 14,000tpd CIC/CIP circuit with filtered tailings.
Confidentiality agreements flying left right and centre . Something is brewing.
Morning all,
Let's hope for a better day trading.
Very good appointments in this RNS, looking extremely interesting to me, it’s a bit of a bugger being in the dark as to how they are playing this, but something has to be brewing in my mind anyway
Atb