George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Best of luck Steve, I cant lie, I felt the same way down at those levels last month, but fortunately have mine spread across 3 companies but this is also my heaviest weighting.
Hopefully plenty of other opportunities out there, maybe a good solid dividend provider, you know the ones I mean.
ONWARDS & UPWARDS
Well said Steve, glad you managed to see through the negativity and sounds like you've made a decent profit which is, after all, why we are all here :-)
Well done Steve good luck with future investments
good luck with your future investments steve
Over the last year I have read a lot of posts here and a bit saddened of the rudeness to one another however thank you for the learning curve I originally bought in at 22.5p then 16.5p and finally at 14p yesterday I sold out as it felt right for me as the profit felt meaty and at times especially when we were in the 13teens questioning why I had made this my heaviest weighting thank you all
If the Supreme Court doesn't throw out the case against BHP (which I think it will) then it almost certainly will add in Vale which means 50% of the reported figure is gone straight away.
Then being somewhat realistic I don't see a English Civil court awarding 36 billion pounds. I mean the figure includes 12% interest every year since the accident happened. If they were to get anything more than 8% I'd eat my hat.
It's going to end up a figure significantly less than a year's profits and no doubt a lot of it will be covered by insurance.
Anyway I doubt BHP will bid for Solg either way but this court case won't impact on it.
Bhp may stop short of further takeovers until dam matter is resolved and having just bough oz.
Given BHP are currently in the process of buying OZ minerals for 9.6 billion AUD I would suggest you are somewhat wrong in your statement Zoros.
Give me the authoritarian Chinese,
over those woke BHP placesavers.
I know which one can get stuff built today! ( I want to sell, not build.)
I know which one has more money.
Imo, no bhp geo has the authority to tell a bhp ceo, that "we're simply spending billions on this!" They can buy big mid-sized, eg Oz, ...and number-bods can add it up. Cascabel is still a geological question, even after this many years.
https://www.bloomberg.com/news/articles/2023-03-15/bhp-risks-36-billion-bill-in-uk-lawsuit-over-dam-collapse
BHP ain’t splashing the cash for some time yet, less of all on expanding their portfolio!!!
Z
Hahaha ha, you grumpy sob. And vindicated! Very well played.
In the workplace, I learned that 1-3% of your fellow workers or bosses, are simply nature-born arsh Scholes. And that's life, don't buy-in emotionally.
As for freely offered stock chat? It's a light hello, hail friend.
This forum has been like a nest of asps... for years.
It need not.
Argh just read up on it now Dinnermoney
What's FCA short disclosureds Dinnermoney?
Up 12.50% on tsx now
Still showing 0.5% but data can be delayed by couple of days.
Jerry, 'hopelessly clueless' ? I've called GGP's over valuation and decline pretty much spot on since the 37p days down to the 7p today's. For your sake, I hopelessly and cluelessly wish you the best. You're going to need it.
Great couple of weeks...but copper is still struggling to stay above $4.00...
Last time we hit 40p, copper was $4.75...
Plenty of scope to recover, with bid froth thrown in...
21.33 equivalent...
Up 10.94% on tsx decent volume
Mog,typo apols there
Moggintresting article there
Jerry, I take your point. My view is that we will see a re-rate before a deal is announced and the price will be based upon a premium to the re-rated price. Perhaps that process has already started.
Your final question is a good one. If BHP/NCM are not going to be interested they will nevertheless want a decent return on their investment and given they own 21% they are in a position to drive the price up. So the answer is yes.
Apologies to addicknt and the Colonel for the late reply. Lost internet till now.
No, colonel I haven’t seen an asset like Alpala, but if Solgold was to be taken over for say 80-100p, I just think the stock wouldn’t have gone to 13 and would be trading at at least 40p by now. But it isn’t. If it does in the next few weeks then we know something is going on, but the max I think would be up to double the sp at the time. I still have a load of these shares, so I hope that you are right and I am wrong.
Addicknt, I know we have discussed the quality of various assets privately, so you know my opinion on that. Given that Solgold is for sale, I don’t think we can compare the relative merits of the two companies. Ggp isn’t for sale, though it may get sold at some stage. Ggp will grow steadily as it has been doing and Solgold has retired its drilling campaign to focus on the exit.
A more interesting discussion might be whether large corporate holders will get a higher price than a company with a mainly PI investor base?
As for the colonels analysis of Ggp, the less said the better. Hopelessly clueless. I will leave it at that.
A nice late flurry and a few late reported trades may see us push towards 10m for the day ….. equivalent to 15m when we were back at 14p not so long ago
Not sure how this plays into the free trade agreement/talks between Ecuador and China
https://www.international-construction.com/8027763.article?utm_source=newsletter&utm_medium=email&utm_campaign=Construction-Briefing-30th-march-2023-Final