Member Info for addicknt

Where did you see this, Pbow?

I'm pretty sure they'd like one, and the cards are in their hands. They'd include the standard wording along the lines of; "permission not to be unreasonably withheld" etc.

Would that deter a suitor? Provided they were of a sufficient size and had suitable credentials, I can't see why it would. Of course, it would be a condition precedent of any deal, but it would merely be one of many.

Pbow, do you think the government will want a change of control clause in the CIPA?

Pbow, indeed.

Pbow, when AI says deregulation caused inequality, I wonder if it thinks it didn't exist beforehand? I suspect all previous generations who lived in absolute squalor would have something to say about that.

Interesting interview, thanks for posting, Jerry.

It was intriguing to hear the slightly differing emphasis on NPV and IRR between the two of them, but both of them concluding that neither measures are the be all and end all of the decision making process.

In a broader business context, I've long thought there's been far too much reliance on financial modelling, particularly as history shows it's rarely accurate in the long term. Lenders and fund managers are responsible for this and it's driven by arse-covering. True entrepreneurs don't bother with this as they're risk takers rather than pen-pushers. The problem is that in order to raise funds they have to dedicate time and huge sums of money in order to produce something which will be irrelevant the moment the ink's dry on the report.

Nal, my conversation was with the Chairman, not the CEO. You'll get it right eventually.

IP, " separately, our Chairman was a busy boy 12 months ago on the CU offtake..."

Interesting, because we didn't have a chairman 12 months ago and our current one had yet to be appointed.

I think someone asked if Irwin is still holding. The answer is yes. He replied to a post on X and said the following: ' We have had a great run and at some point one has to think the Chinese will take us out, but they are super slow and nobody knows the possible timing'

He also said he's seen Dan first hand at mining conferences 'working his butt off to get the story out'

NMM, surely if those dates have slipped the company would have told them?

At least RC"s recommendation is buy and is not speculative.

RT, are they holding as nominees?

NMM, yep, no matter how they express it, it has the same meaning. Perhaps they should fall back on the old French translation excuse, which really was a brazen piece of p*s* taking, which, amazingly, Mather expected us to swallow.

Orthern, I noticed the wording of yesterday's announcement said "in the coming weeks" rather than the customary "imminent". Maybe they're fed up with the constant p*s* taking from seasoned and long suffering shareholders?

Mrs Buffet, thanks for that. I suspect none of us were aware we need a lot of money to build the mine.

I recall your last appearance on here and your inventive attempts to tell us we were doomed. Keep up the good work.

Pbow, question. In terms of resource, how do you think Tan will compare to Porv?

Q, you need to caveat your second sentence with; 'at this stage', and 'we're not sellers at this value'. To suggest no one's interested is not the case - Jiangxi being the most obvious example.

Q, you're right about BHP and the fact they didn't make an offer in recent times is almost certainly due to the fact they're no longer interested. Apparently, Newmont aren't interested in Cascabel, but are interested in ExCo, so perhaps they'd be sellers once ExCo has been spun-off.

In my view both are sellers and given their investments are, in the scheme of things, peanuts, I don't imagine they're that fussed about holding out for top dollar. If this is the case a buyer, assuming it's Jiangxi, would have no problem achieving more than 50.99% approval, particularly if the offer was on an agreed basis.

If you haven't done so, have a listen to that interview with McMullen. He explains very clearly how he approaches M&A and when/why it's best to accept an offer which may not be as high as people would like. I believe DV is cut from the same cloth.

Personally, I think DV and co will attempt to deliver as much value as possible, but will not try to over-egg the pudding.

We can also expect an estimate of 'overall resource endowment' in the coming weeks.

It really is looking as if Tan is a viable option.

Indeed, the results look positive.