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Just wondering if those who say they would take first offer of 30 - 40p would actually throw in the towel there and then! Whilst it may sound attractive down here in the gutter, surely it would make sense to hang on in for a while and see if other bids were forthcoming, if not to lift us to the stars, then at least back onto the pavement?
Gino - if such an offer materialised and the board recommended it, any competitor would have only a short timeframe to prepare a counter, so it would act as a free roll of the dice for shareholders.
If no such counter offer was tabled, I don't expect many shareholders would reject the recommended offer just to see if someone else was going to offer more at a later date.
That's why it's crucial Bob gets the job done.
To put it another way and to use RK's logic, Jiangxi have just come on board. It serves them no purpose to hold 5.2% of shares in issue. What purpose does that serve them given our inability to progress Cascabel? If they haven't submitted an offer in the next month then what are they doing?
The conundrum is what happens between now and then. If you know what I mean...
The last 12 months have been filth in terms of SP performance. The next 1-3 months are going to be intriguing.
!!! "IInvestments of US$11bn in seven projects planned to start production in coming years are expected. The projects are La Plata (polymetallic mine), Curipamba (copper and gold), Loma Larga (gold and silver), Mirador Norte (copper) – part of the Mirador concession – Ruta del Cobre (copper), Cascabel (gold, silver and copper), and Warintza (copper).".
The big buys need to wake up then get this bought!!!
People have said for years, that it served no purpose for BHP and Newcrest to hold 8-10% of shares, yet here we are a few years down the line and guess what? They still hold their shares and no bid came to date.
It's a waste of time to try and second guess what's happening here.
Montecristo, have you had a look at the other smaller miners out there which BHP have taken smaller positions in over the last few years.
You know about Noront. Got their buts whipped on that one by Wyloo. You probably also know about Mincor... recently Wyloo made a dart for them and BHP also have a small holding.
See a pattern emerging?
You'll know about it when they are all ready.
BHP have an Ecuadorian exploration office. They fully get the need to open up new jurisdictions. The rampers (hi, fort!) want us to believe that means an imminent TO for solg, or fuel for a bidding war. The realists believe BHP will use some of the time they have (that's what huge cash and regular divs to your funds buys you) to explore. If the geology isn't fruitful, and we've somehow happened upon the only big discovery, they'll be more interested. More likely they'll find something within their timeline - after all, fort says we alone could have 5-6 more tier 1s....
Monte - no they didn't. Comparing BHP and NCM with Jiangxi is comparing chalk and cheese.
BHP and NCM were supporting a company trying to delineate and develop a burgeoning asset. There were capital requirements and technical requirements that majors such as them were well placed to help and secure themselves a favourable standing with shareholders. Both were signed up to standstill agreements so I was blatantly obvious both would be long term holders.
Things have changed drastically now. The strategic review is ongoing and the company is being slimmed down at all levels.
The only ways we're progressing Cascabel is to relocate communities and secure permits, so there's basically no need for a third major on the register.
Slug , can you tell Fort that please , he reckons solg could have 5 or 6. What a tool....
Its been a nice weekend with ya slug , try hang around bud
You never learn do you slug..........
Z
"Everyone should have been shouting about copper months ago, especially those involved in clean energy policy, but warnings have been few and far between. This started to change this past week as both Trafigura and Goldman Sachs started to sound the alarm on global copper supplies." Forbes
Morning DieSlak, it's not the "loony left" as you put it, that are trying destroy mining in Ecuador. These people don't know anything about wokery (as you put it) or anything similar. Some of these people that you are taking a pop at know nothing but the rainforest. It's their very life, their very existence, it's their larder/their home!
These people need educating as to the benefits of responsible mining with regards to employment and financial security and long term benefits for families and communities.
They don't want the likes of the Slugs of this world to come in and trash their homes (the forest) for people to drive E/V's in lands that some have never heard of. Simple question to you Slug...."would you simply let someone onto your patch to destroy your home and generations of family tradition? A lot of these people want nothing more than what has been handed down to them from family generations for centuries. They need educating, and it takes time. Solgold are doing a great job of this around Cascabel and it will take a long time to convince all.
The UK was once a big sub-tropical rainforest....look at it now! Ecuadorian people are allowed a say in matters that affect them, even if you don't agree Slug! If only life was as simple as yourself!
These very proud people need educating......not brainwashing!
Cheap pickings today at this price. May never be this low again.
Lets hope so bris, lets hope so... ;))
Can't see this going anywhere for now.
Firming up on the order book
Look at those chuncy bids at 16.50p
With BATS and CHIX stock on bid also now 411k being bid at 16.50p
Well bid towards the close
Closing at the days high is always a good sign
Candlesticks coming out BNC!!:)
ere u go Bubblé matey
https://www.screencast.com/users/BN.c/folders/Default/media/b6e42f5b-496b-4cca-b4b0-36116c3f51a1
20p immediate hurdle to clear..............
atvb
bn.c
At this rate guys we should get over 20p by early 2025, then after that we can can all hope that we’re not riding a horse and carriage to get about or speaking Russian lolzzz according to dieslak or kat2008 ;))
ONWARDS AND UPWARDS