Member Info for cadell

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.

Let them scrap it out. I look at basics. Market cap 779 million for two, tier 1 copper/gold sites. Got pay off in the end.

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

Most of the froth has blown away. I see an erratic week coming up and then a steady plod upwards unless Scallywag comes good.

Is the |SP going up just on great expectations or does someone have a hint of a deal?

I am encouraged by the CEO buying shares and using his cash! Personally, I'm sitting on my hands. This will sort itself out eventually and at this price, there's not a lot of miners that look better

Seems incomprehensible to me - a bugger's muddle. Should get sorted in a few days. certainly not worth selling out for in MOP

Looks a pretty solid performance but I would hope to see higher gold price achieved in the next quarter. More to come, I think

Steady as she goes. One day the market will catch up.

Unless you see a counter-demonstration - which seems highly unlikely - this will unwind without troubling us. You can always fly gold out.

I regard the take-over as good news, not bad. Mali needs a firm grip instead of riots. My opinion is that the risk is overstated and that this is a buying opportunity

The question in my mind is what happened to SB's 4% of shares? Did he hand them to his broker to sell and they are being dribbled into the market? Are they parked with some other investor? I don't think he could have sold them to Newcrest or we would have been told. The current weakness in the SP might have this origin or perhaps it is the lack of any news.

You can be quite sure that our BOD has talked with every major shareholder at some point. They all know and have evaluated the situation. They all have plans and contingencies and they are all waiting for someone to make the first move. It is a game of high stakes and it is also a game of bluff. Once the CGP situation is sorted and the resource value of Alpala clarified, you'll see some action - and I think it will be dramatic.
Once the full value of

Newcrest would be happy to sell as they could use the money to but out GGP and have all of Havieron

Monkshood,, I thought you said that all the hedged sales closed off at the end of the 2nd quarter? How much is left now?

My understanding is that we are now making about a thousand dollars' gross profit per oz and producing about 100K oz a Quarter. If so, we should be able to expect a rising SP graph into the future. A comfortable thought.