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I wonder what will look best if the chinese come back with an offer at say 38p??

A close the day before at 37p? Or a close the day before at 34p? Or a close the day before at 31p.

See how it works?

38p aint gonna fly anyway but suspect they'll have to try and ruffle some feather some more before making their final bid. Just a hunch.

Quick head for the hills.... the sp is all the way back to where it closed on Friday. How dare it not rise every day!

Yes, Dan and Paul just coaxing it along no doubt. They could put the chinese back in their box tomorrow with a huge PFS upgrade based on market accepted metal prices as per Solaris's recent PFS with PoG Long term prices of $2500oz and Copper at $4.50 or $4.75lb. We have rigs that have been drilling TAM and there's 1500m's of core's to be reported I believe.

So yes... they certainly are giving the chinese some space and keeping powerdry.

I genuinely think we'd be mid 30's to 40's if we had the PFS upgrade.

So game of cat and mouse. We have the ammunition to go higher based on news alone and no bid imho.

Some think that if Jiagnxi walk away the share price would fall back heavily... it might do on a trading one day basis but I suspect it won't last long and will be bouncin back fast for the above reasons. We have such strong newsflow and progress... it's shame that we are being sidetracked by this early Chinese bid. But I guess that's their plan... and perfectly timed to hinder our AGM as well.

Should add that Jamie Dimon of JPM made some poor calls too over last 5 years.

The trouble for these guys is that markets are no longer what they used to be. Retail influence is higher and stocks moves on a tweet as opposed to a broker note. Throw in the Trump truth social tosh and you've got a headache for even the bots to follow as he plays his hokey cokey games on a daily basis.

Very hard to use old school training/rules with today's market.

Buffet a legend.. but at 95 I think his brain is not quite what it used to be. Understandably so.

Cracking career and cracking innings.

He missed PoG doing 300% rise. He also missed Bitcoin. Strange considering his ability to read markets. But markets have changed and he's 5 years away from 100. Hope he makes it.

No they don't want to make a movie about SOLG.... but interesting to see Paramount Skydance has made another offer to buy Warner Bros Discovery and nick it from under Netflix's feet.

The point here is that Paramount Skydance have made their offer 'DIRECT' to shareholders.

Lots of battles going on out there for 'control'. Whether the control of media or control of copper... M&A is firing up right now.

Volume much lower than previous days. SP looks aligned with PoG movements as usual 3pm top off on PoG seems to correlate directly with SOLG and I doubt that's just ETF trackers/bots. Just an excuse for mm's to go fishing for stock. And they need it with likes of L&G snaffling 800k per day.

Not sure they are allowed to exercise options when in a closed period / bid situation??? There hasn't been any notifications that any equity has been issued.

Last capital share update stated 3,002,773,641 as of 31st october.

Today, they update with 3,006,748,641.

Who have we just issued 4m shares to then?

L&G

Purchase

807,066

GBP 0.318293

RodneyT, I was thinking a similar thing over the weekend. I was trying to position myself in BHP's shoes and took the assumption that they wanted the asset. The sensible thing to do would wait for Jiangxi to come back with a final bid... but what if that bid is way way higher than where they were before... like 50's or 60's. So to counter this, wouldn't make sense for BHP to 'disrupt' the chinese's game but coming in with a 45p but imminently eg before the chinese land a 3rd bid. That would cause the Chinese to rethink and then they have to counter offer at much higher price.

If BHP are interested, then I think they will stand a better chance of winning if they land an unexpected bid and steal the chinese's thunder. Post that event, the chinese no longer look silly if counter bidding as it becomes completely unrelated to the 26p sighter.

I have no doubts that behind the scenes, now the Chinese are canvassing and trying to gain a concensus in price expectations. You might have Maxit saying 45p is our number and Mather saying 65p is my number with Norges, Tenstar, L&G and others saying 65p is out number etc etc. Of course, alot hangs on what NEM's number is. But my point being, there's a danger that if BHP leave it too long then Jiagnxi may well have secured some important votes. Whereas if BHP throw hat into ring... then all holders involved is simply going to abstain from giving a 'number' and just sit back and watch the likes of BHP and Chinese slug it out or someone like Glencore or Lundin etc etc.

I think BHP gain traction if they make the next bid.

I'm not up to speed on DGR and their cash flows/burn rates, but if Chinese drop a bid and bid war kicks off then it could be 6 months time before this is all put to bed if not longer... hence it's prudent that DGR plan ahead and secure funds. That said... it does feel a bit like another slice of equity nicked just before an offer lands eg lining pockets as the opportunity presents. Not unusual at all but ugly to see. I remember the guy behind Condor gold doing the same in the lead up to their eventual sale to 'metals exploration'. That was astonishing to watch unfold and the regulators did zero. They are probably a bit tighter over in Oz.

Can anyone point Felicity or a super major miner to a Tier 1 mine that's 100% owned and for sale?

"Growing copper deficits and China’s increasing dominance of the copper market are threatening to destabilise global copper supply chains in the coming years, as demand for the critical metal continues to grow on a global scale. Unless several new large-scale mines come online over the coming decade, the copper deficit will continue to grow, which could stall the deployment of new renewable energy capacity worldwide." END

By Felicity Bradstock for Oilprice.com

Great article

https://oilprice.com/Energy/Energy-General/A-Global-Copper-Crunch-Is-Looming.html

'trying'?? They already have cornered the market. 50% of the total world's copper supply is processed by China (smelters).

I doubt the Aussie gov will be too happy if BHP just roll over and gift it to the chinese especially as they've apparently done some kind of deal with Trump on the resources / precious metals side of things as per the headlines a few weeks ago.

I actually think it will end being someone that has not shown their hand yet... like Glencore or Lundin or another.

Expected Fed rate cut coming this week even though they don't need to do it. Trump wants it apparently and doesn't care of the ramifications. Hence bodes well for PoG.

The interesting part is that we still await the TR1's on Mather and quite a few larger holders. Should get those in this week.

And I should add... they can step aside too. Seemingly walk away. And if someone else comes in with a bid after that, the Chinese can just bang in a bid via Zijin or crcc tongguan... that the beauty have having a few mining companies under the PROC.

Miketrix, the Chinese don't know for sure whether there is someone out there that wants the prize as much as them. I think they have a pretty good idea... but instead of sticking in a super bid at 90p+ etc they will simply opt for the least amount they can that they think gets them close to the line.. whether that's designed to draw NEM out or cause insiders to squabble like Maxit and Mather etc etc. The point is, bang in a bid in the 40's and it's more credible... and still only a 30% increase on where we are now. What follows next is anyones guess but if ENSA is such a great asset then they'll be counter offers flying in won't there?

So perhaps the Chinese response to the Put up or Shut up (28 days notice) via SOLG will be met with a 'lets see what market and counter bidders think' style bid in the 40's. If no one appears... then Jiagnxi have proven their point. That's fair enough. But I doubt they'll come in with a 3rd bid in the 50's.. why would they. That doesn't mean they won't bid into the 60's in a bid war... but at the moment it's just them... we haven't seen anyone else throw their cap into the ring.

The first bid (or second) was a sighter. The 3rd bid will be designed to put the cat amongst the pigeons. It might win... it's worth the gamble... why not... if someone else comes in and counters... they can up it then.