Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The bad news is that no major bid is at all likely before the PFS plus time to digest which means end of March. The good news is that by then much more info will have come in from Porvair etc, to boost the value.
To proceed towards mining was and is unavoidable. However, if there are two tier 1 prospects, one, if not both, will have to be sold or J/V'd
Whatever. By end of first quarter we will see a total change and, hopefully, a nice profit.
Hi RedKnight1.
80% of my portfolio is spread evenly between GGP and Solgold. True, GGP has been the better of the two but the inherent value of Solgold is not shown in the price - yet. Why this is so is not clear to any of us but my belief is that all that will change over the next eight weeks.
I've given up on trying to guess what is going on behind the scenes. For all his faults, Mather has got SOLG where it is and that's pretty good. I shall vote in favour of all items EXCEPT the authority to allot shares willy nilly and to raise the level of Director's remuneration - most have just been appointed and if they want more, they can buy shares like the rest of us.
I've read with much interest, logical explanations as to the probable steady (relatively) rise in value and in the SP. There is another possible future to throw into all equations: Newcrest buying out Havieron, leaving Greatland to explore and develop other sites. I think this is very likely, why should Newcrest be content with a sleeping partner?
I don't reckon to be clever enough to judge how the market will react to political events. I do reckon that copper is a key long-term commodity, and gold a short term bet. Logic says Solgold is a safe holding with upside at some point. I'm sticking with it and will sleep easy. Same applies to my holding in GGP - a life-saver after losing a lot on Hurricane and even more on LLoyds bank.
Sometimes one has to ignore share price movements, especially if you are a LTH. The way I see it, Mather has to proceed towards production because he has the possibility but also because he has no alternative. He must know that BHP, for one, is not going to sit there as a small shareholder in a huge mine or mines. Logic says that there has to be a shakeout of shareholders and my guess it will be early in the new year, and after comprehensive estmates are out - Mather said 20/21 'nearly completed'.
I had been dithering whether to add to my holding or not, but at this price, in my opinion, it will be seen as a bargain in two month's time. I've added another ten percent to what was already my second biggest investment. After all, what's good enough for BHP is good enough for me.
Here's my pennyworth.
Our market Cap today is £750 million. Question: how much is a tier 1 copper site worth? Now add a probable second site of equal value. How much again? Frankly, I do not know - except a lot more than £750 million.
CGP want to sell but don't want shares, they want cash. NCM have their hands full in OZ and one suspects they need cash for that. My view is that BHP will do private deals with both, then mop up some shares on the market until they have over 50%, then just sit back. As for we PI's, the market will decide but I put a figure of about 55p when all the dust settles.
Time will tell
Thanks for the info, VV, very useful to know