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Fully agree on that last point.
I've long believed the choice of words was just too cluncky to be straightforward. It sounds like something Johnson would say about a lockdown party: extremely carefully chosen and too catchy to be natural. What phrase would you have chosen to tell the world that your company definitely were not going to be involved in the construction of a mine on your concession? I think I'd say something like that.
Sean, let's keep it civil, as you say.
I think waiting for the strategic review the company have repeatedly told the world they are working on is sensible. Initially it probably was a tactic to distract from the share price collapse, but they say they're undertaking a review and have outlined what it will cover. No doubt SC is probably trying to shift the company in the meantime, but the absence of any buyer (evidence: no bid) means we have to do something, and we are not drilling... So that leaves the review.
You are, of course, within your rights to wait until it is released to accept it is happening. Most here are content to wait a very long time for events to unfold.
That's the thing though, add: you're hearing it through your own bias, just as I am.
For me, he could have said "solg are not going to mine cascabel", or "solg are not going to be mine builders" but he didn't. "solg are mine finders, not mine builders". Well, that's true right up until they build their first mine. The phrase was so clearly a laboured sound bite, and he proved this by going on to say it a second time, reading the words off his script. Why not something less ambiguous? Why such contrived syntax?
It's certainly not the most straightforward option, Sean, but it is better for LTHs than a continued erosion of sp and significant further dilution.
As for how much it would cost and how long it would take, a good SR would include that information amongst the options.
As I say, genuinely positive news would be exciting. Jainxgi getting cheap stock to not quite return to their pre-dilution holding level isn't really news. If they push the SP up by buying their way to 15% in the open market, that would have me dancing in the aisles. 6.2 vs 6.3% previously is meh, isn't it.
I see you didn't read the BA article sharket, but nice that you still feel confident to join in š
I don't think I've discredited any information? I've pointed out the flaws in the rampers' blatantly biased interpretation of non-stories, but you will admit there is a big difference there. If solg put out a genuine bit of good news, or an II increases their stake, I'll be pleased š
Oh God no. Red, I know you're keen to bury bad news, poppet, but we don't need links to month-old automatically generated claptrap from Yahoo finance. Even you are better than that. Come on now. It'll be motley fool articles about insider buying next.
Red, who is HH? Hubris Hunter on here, HH on Twitter? Do his tweets carry more or less weight than WI? Because he seems to tweet @WI weekly, but then ignore his comments and post long, rambling posts that predict RNS events that don't happen?
Celec saying miners will have to collaborate with them to build expensive energy infrastructure is very worrying: solg definitely not in a position to do this at the moment.
"To read some of the stuff these blokes post you'd believe the company has nothing going for it, is in the hands of someone who's totally clueless and will be bust in a few months times"
The company has something going for it, but our main asset is useless if we can't monetise it. Having a load of bitcoin on a hard drive you've lost doesn't make you rich.
SC can't be clueless, but Bob has certainly shown himself to be less astute they many hoped. Market didn't like the merger with cornerstone: let's hope it finds something to appreciate in the SR.
I don't think we'll be going bust anytime soon, but an honest and realistic look at the medium-term will tell most sensible people this isn't the get-rich-soon stock many have been saying for years.
As for why I'm still invested? I'm in at a good average, I don't need the money anytime soon, and I only gamble what I can afford. Not convinced I'll make my money back, but not fearful and underwater like many.
Interested to hear who else people think would be in the running for a future TO, apart from Jiangxi? If Warren doesn't see western majors acquiring copper companies and building mines, who will do it? Or is this be a one horse race? I imagine this explains why Bob was wrong with 'fast and smart'- the appetite isn't there.
So Red, given that he has more recently confirmed those parties are not majors, do we conclude that SC is trying to make the asset cheaper to mine to bring in much smaller companies? Certainly won't be a bidding war up to Ā£1bn for solg if the companies who are interested don't have big MCaps to gear big debt.
Shame, like most I'd have liked a bidding war between Jiangxi and a major, but WI has all but confirmed this won't happen. BHP and NCM will, by the sounds of it, let their shares go with the rest of ours, hopefully not too cheap. Jainxgi pick up a few more at 16p, wait until our cash is running out and offer 30p? Seeming more likely than ever.
"Whenās the last time you saw a western mining company buy a big copper Porphyry? And wants to commit $5bn dollars, or whatever the number is, to building it? Itās not happening. So thereās a real disjoint between the narrative that everyone is talking about... Iām not seeing it at all on the ground: Any excitement about building copper minesā¦. Thereās more hype than reality."
Watch the darling of the rampers go back to being a 'w' (hi dbw- that quote about not knowing what the 'w' stands for was you š)