Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Earlier this year Unilever made a £50B offer for GSK"s consumer health division, now separately listed as Haleon. Pfisner have a 32% stake in this company, the offer was made by unilever and rejected by GSK, Pfisner where a side show in the small seats. Why would the same thing not happen with solgs other main shareholder's?
Monte I have covered this question many times.
I agree with you as what you are talking about is a hostile bid as it was rejected.
Hence a hostile bid is what will be required if a bidder is going to be successful. I have covered this over 20 times.
We are not going to get a hostile bid with the current share register. Remember we don't generate income yet. When we are in production the story changes.
"share register"!!! Hooray!! The penny has finally dropped!!!
There is no good reason why we would not get a hostile bid. No reason Bhp would not pay a decent price, they are just waiting for the right time. NM is now on record as stating he thinks it's now coming. He has put the shareholders on standby.
Monte I have covered this many times.
One person in BHP does not bid for Solgold it's a cooperate decision.
BHP's cooperate statement is they want assets on the cheap.
Hence friendly bids. As a hostile bid increases what's paid.
Unless BHP changes its stance, we will not get a hostile bid from them.
Looking forward to the day when Mike Henry comes out and says that BHP wants to pay full price for assets, swiftly followed by the news that he's been sacked by the board.
Quad, did you here Nick: Corp. action expected, straight from the horses mouth
Yes senderos I heard. Read my replies.
Lol
I'm surprised BHP did not put in their corporate statement that they want to get assets expensively . I think everyone knows where this is going. Let's just leave it at that. Let everyone believe what they want to believe. Good luck.
11 trade ......
SharketMare what a ridiculous post.
Of course they wouldn't say that.
But the point is they shouldn't have said that they want to acquire assets on the cheap.
They should have said nothing.
But that's not what they did.
Quady, seems like SM's humour went way over your head!
I think I have become fluent in the foreign language that the Q speaks.
So BHP bid in shares for Solgold and the deal is accepted. Q accepts BHP shares for his Solgold stake and then BHP announce that they are to develop Alpala and mine it.
Q announces that he was right all along, as his shares are going mining. And so history is rewritten, and we never have to read his version of the truth again. Yay!
Quady - they did but with copper recently sinking to a low of $3.5 p/lb the argument can clearly be made that assets might not get a lot cheaper. It all depends on the extent of the impending global recession and how quickly inflation is brought back under control
As Nick also pointed out there is clear scope for SOLG to better the PFS outcomes and push the IRR well into the 20%s. BHP and others will be well aware of this too.
It's entirely possible that the discount BHP were looking for is now. Might we see copper reach for a new low at $3 p/lb? Anyone would be taking a chance waiting for asset values to be suppressed more than that.
There's also an impact medium term to the copper demand story as all those marginal projects become loss making.
There's a sweet spot as I see it and we're close.
Good afternoon Bozi, the problem with the copper price is Covid, the war in the Ukraine and the levels of debt around the world.
All these things suppress economic activity and are here for some time yet.
Q, do you ever get lonely living in that strange little world of yours? You invent and distort almost everything and then deny having said things. You appear incapable of understanding your own posts and yet expect us to do so. And when you're challenged to support some of your statements - as I did this morning, you simply refuse to answer and then deflect by making totally irrelevant comments.
And as for your attempt to re-write what NM said, it was simply laughable. Everyone else understood exactly what he was saying, but yet again you attempted to deny it, although it's impossible to misinterpret his comments. Doesn't it ever occur to you that perhaps you get things wrong?
Solg SP should have gone up, but something hindered it, probably, how to bring it into production. In Comparison, HZM.L is funded, and Nickel is a battery metal and facing low inventory issues.
Addicknt, Quady
You do know that opposites attract don’t you?
One day we may hear a proposal from one to the other lol, have a nice day you two
Atb
Quady - so where do you see the copper price bottoming out?
Also, when do you think this could happen? A year or two from now?
We certainly don't want it in 2025 is it'll harm the economics behind our first production from Alpala?
MF, ha! Touching idea but I'd rather pull my own teeth.
Did I miss something? Where or when did Mather say 'corporate action' coming or expected as per some posts above. Is this recent or just echo's of last years comments?
Noosa mining conference.
Afternoon Bozi like most of us the idea of 10,000 dollars an ounce and copper going to 30,000 dollars a metric tonne was complete fantasy.
Again the sensible posters could see the world markets cooling and at some point debt consolidation will be required by some countries.
As for the copper price I have no idea, only to say the downward pressure is still apparent.
Fortissimo - It is mentioned in the slides (but not verbally by Nick) between circa 5:30 and 6:00 of his presentation at https://vimeo.com/731647251.