Member Info for AgArCu

Just waiting for Red to say he sold before this current dip and is now just waiting to buy back in.

The benefit of imaginary trades is that they're very cheap, and they don't usually attract any stamp duty.

Good input, Dave- insightful stuff.

You're right about market forces, Dave. Sales went through at low prices. But that's just how a stock with no confidence in it performs. It's not a Boogeyman robbing you of your hard earned. Don't listen to the conspiracies, be a better investor than that. Make your choices, nail your colours to the mast and don't try to blame spectors for bad timing.

This was yesterday, obviously, before any clown chirps up about time differences

Maxit main switchboard will only say Li is 'unavailable right now'. Fierce defense - couldn't even leave a message with his PA! Would be impressive if it wasn't frustrating my efforts to corroborate story (I'm not expecting him to say he met Chinese investors, btw, just trying to find out if he has been in HK). Might have to try something more devious!

Up several percent. If they are meeting in a public(ish) place, we might not be the only people to know this. If a story breaks the hype will see us end the week strong. Better (and more concrete) than the tired old BHP rumours, that's for sure.

I'll temper it and say, for balance, that it could all come to nothing. And Maxit may have been pleading (!), but I don't think it would have been face to face if it was a shrug off. Desperate to know if it was the first, one of many, the last... So many questions. As I say, nothing more than excitement for the time being. Market doesn't like us at the moment? It'll be them standing on the dock waving as we sail off into a copper coloured sunset.

Having been quite down on the rampers here, I am conscious of hypocrisy, however...

Have it on reasonable authority that Michael Li (Maxit) met with Yu Tong from a little know Chinese copper investment company earlier this week in HK. No details except that it was a full/long day of face-to-face, decent team of advisors on Chinese side. Jiangxi use the same hotel business centre for meetings most times, it would seem (what's wrong with their offices?!) as does an acquaintance who has worked with Li in the past. He knows I have a (failing!) position here so let me know he'd seen him, and was kind enough to ask reception if it was Jiangxi (yes, it would seem) . I'm now all in here. Good news to follow. Very, very excited if they've got an offer for Cascabel out of them.

Confidence in abundance there, Qualibashi. I agree that Chinese owned company will probably be the first to bid. No rush for them though, fingers in many pies etc. Long wait still to come, but worth it eventually, if the dilution isn't too painful until then (most of the dilution will probably be through share issues to greedy directors with noses firmly in the trough!! These guys this quarter, some different ones next year etc, cheeky sods).

Good to see a bit of balance in this board- few months ago the rampers were running riot, working together to try and shut down any sense of realism that got in their way. Now we've got a fair few understandably disgruntled investors rightly airing their frustrations, and the rampers still clutching at straws.

I wish the company was in better shape, but whilst the sp is rock bottom and Maxit are trying to bluff us to a bid, at least we've got debate here.

I honestly don't think either saw it tanking this badly.

I think they thought a bullish statement from Maxit and the threat of an SR (that could see the asset move into the hands of another party) would draw out a bid. It's a tactic that has worked before, but it relies on FOMO from bidders with deep pockets. Lots of majors would like to have Cascabel producing and adding to their output, but it's a proposition laced with uncertainties and they have shareholders too. "Why did you spend 2bn you could have distributed to us as div?" is a hard one to answer when the next batch of CapEx money is due.

Markets don't value assets, they value companies. Solg approach since Maxit brought on board has been too one-dimensional. As a company, we now look as desperate as some of the posters here. Today's RNS shows half-hearted attempt to appear busy, but smacks of boardroom despiration for a bid. Shame the interested parties have deep pockets and there is lower hanging fruit to fight over before working out how the f to block cave an enormous, deep resource in a relatively unproven LATAM country. Market not expecting a takeover soon, so sp low. You'll see buy ins and a SP rise before a bid, IMHO. If history tells us anything, it's that this post will now be jumped on by 'professionally hopeful' people here, holding up Noront's steep sp rise as a reason to be cheerful, or claiming the Chinese investment is a guaranteed pre-cursor to a bid... They will still be saying this in months to come, or they will go suspiciously quiet.

Best bet is probably to look at your average. If you have funds to average down, and can risk this going lower for a while yet, help yourself. If you're in but can't come lower, sit tight, stop reading Fort and Red's tripe and enjoy some other investments. And if you're not in yet, only come in if you're patient. If you are, there is money to be made eventually. Just don't let the hype men tell you it's coming soon...

Not asking you to accept anything, Slug- you've clearly had enough other people feeding you ideas. Just stfu about vaccines and climate- this isn't the place for those rants.

Wrong board again, slug. Can you find a different outlet for your ranting, please? Not sure why you feel the need to spread your message but you're every bit as annoying as a JW at the door with a copy of the watchtower. Only your pamphlet is written in crayon...

I dunno, Slug - at least the insults of recent times have been quicker to read than your off topic ramblings... Have you learnt what temperature is a measure of yet? Only messing, Slug - well done for keeping your comments the right side of getting banned. For now. But Friday is your traditional drinking/ranting/spamming/banning night, so I won't hold my breath. Happy Friday all, here's hoping Fort's mysterious source is right about good news next week.

Wrong board, slug

I'm not the one trying to spread their ideas here, slug. This is the Solg board. It isn't my job to teach you basic scientific research skills, and it isn't your responsibility to stop me or anyone else being a 'sheeple'. Please stop spamming this board with insane, easily disprovable conspiracy theories about climate, vaccines etc

Wrong board again, Slug. Keep it to Solgold. And stop embarrassing yourself with easily disprovable conspiracy theories. I don't know why you have a chip on your shoulder about scientists, maybe you're jealous of their intelligence, but they are not out to get you. Calm down a bit

In defence of my point, Talatum, we've had a know tier 1 asset for a little while now, and a known upcoming structural deficit in Copper supply, and yet here we are... It's not the asset, not our percentage of it, not our management's stated intentions... The killer here is the lack of bidder.

Sure, Slug (I am not the person who posted as quibbles, but I enjoy that I know you and you don't know me!)

I think every scientist in the climate studies department of every institution is in on a big pact, where they inflate the temperatures they record to promote a narrative of global warming... Is that better?

The readings are taken in the SAME locations (hundreds of them) year on year, and have been for decades, so the variation from one location to another is irrelevant. Surely even an indoctrinated conspiracy theorist can understand averages?!

Slug, I stopped reading when it became clear this isn't your area of expertise. Temperature is a measure of something- it is indicative of the kinetic energy of particles. Higher temp=more kinetic energy. And the reason we take averages is to account for the global systems that impact temperature. Take measurements in lots of places, lots of times, over lots of years, and you get meaningful data. It's the difference between climate and weather. Anyway, as I say, clearly not something you understand and definitely not something for this board.

As for your question to Tesla: most scientists would say Earth's average temp in 2023 should probably be about 1.5K lower than it actually will be. They would say it should not have jumped up as much as it has in the last 200 years.