I see there are still people in panic mode. Despite this being my largest holding I don't really keep a daily check on what's going on as I don't feel that I need to. CF knows what he's doing. We have a seller, yes it's annoying but they won't be selling forever, at some point they'll be done. Chill out guys.
Spinner, we have a seller that's why the SP drops on news because there's more liquidity for the seller to drop bigger sells. Why don't you just trust the man who has got the SP where it is today, owns a lot of the company and has moved to London permanently in order to help grow the business.
Indeed we are Jersey. We've been waiting a lot longer than we were initially led to believe. Been here since 2018 in and out but stuck in once the permits were granted. SAU took the wind from our sails which was a little frustrating, however if we can get a deal which will give us 100% of Kochang and Gubong then it's well worth it. The BOD are fully loaded here, I believe in them to get us a good deal.
Levels continue to come down at the LME warehouses. Incredible to see the depletion of stock over the last 12 months. I really wanted to know the last time tin stocks were at this low level but I think you have to pay LME for that info as it's classed as historical.
Does anyone know where I could find this information?
For some reason I never actually read SAU's version when they experts price was released. this is from their release.
"BMV may offer a combination of cash, equity and/or royalty (or another financial instrument) to satisfy the
60-day cash settlement. Southern Gold could consider a combination of payment options if BMV offers
acceptable terms. Southern Gold believes that, unless a contrary agreement is reached between Southern
Gold and BMV, the price must be paid in cash by the completion date of 26 January 2021."
"Southern Gold could consider a combination of payment options if BMV offers
acceptable terms."
This is fantastic news. I can't honestly believe I didn't read their release, what a fool. This significantly de-risks this, as SAU are saying they don't want all cash. I'm buying more when I wake up!