George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@KS, given they're trying to sell the thing in one way shape or form, 'on track' is good enough for me given where we are. I hope you mean Man. Utd, great club and my boy and I go whoever we can... even did in Ole times which was painful! On the way back now and nice to see Ten Hag has us on the right track. Some of the players were off the rails a couple of years ago, heard some very worrying stories from my mates driver who used to do a lot of work with some of the utd players but I think this crop are far more professional. Bring on the new season for sure, but still reckon we'll all be chasing City again.
Keep you're finger on the pulse KS!
100% ks, has your contact given any indication of how close we are though, or are we still at the 'lots of interested parties' stage like scott said?
... wish this rain would do one so we can finish off tanning the aussies ****s at old trafford. atb, c
Agreed they are both morons, but I've filtered then as I don't have time for idiots. Personally I think it will be later in the year for a first bid to land but that's guesswork on my part. What kind of vibes are you getting from your contact? C
NAL and AgArCu and their appearance here spouting nonsense is just wierd. Neither we here 6 months ago but their actions do seem to have partially worked as some well regarded posters with a positive outlook seem to only contribute infrequently these days.
It's a funny one though, maxit and xib asset management ( the short ) are literally on the same street in Toronto... there must be a link?
Evening all, KS correctly called the exploitation Agreement last Friday and we did indeed exchange a few messages so bang on the money. The short is still in play so I'm guessing your hinting that no bid is imminent?
Surely more to follow than this...
Funnlily enough, I was just thinking the same about a speculative spike if we see an RNS first thing add. Could be good short term trade as the industry must know SOLG or part of it is up for sale and something must have materialy changed from three weeks ago. Might be a case of sell on the news. I might add a few in the morning for a trade. Good luck for the week all, let's Hope they don't b4ll5 this one up. C
They would have to be massively stupid to arrange another investor call circa three weeks from the last one that didn't really reveal anything new and then not deliver anything significant again. My hope, is this time we'll get something more significant. C
From the other board...
'kingslug: Exploitation agreement imminent, and that's the trigger for a bid'
If this is the case, it's a big step in the right direction.
Indeed, there was the usual BS ( I.e. Great asset, great metallurgy,right time blah ) ... then the actual interesting points about multiple NDAs and a busy data room which was encouraging. What's the confidence level though dude?
Surely if they were made to look a bit stupid last time thanks to the suitors playing games they wouldn't be so naive to make the same mistake again. After all, what did Sleepy Joe signpost last time that would change in the next three weeks that would warrant going in front of investors again?
C
Interesting Watson..... What's your confidence level / source ( might as well go full disclosure as this will be deleted by morning ) ATB, c
What's the reason Slug? 51 p???
Some interesting comments on this YouTube show 26 mins 40 secs in that I think many of us could resonate with. Jay always has some great guests..
https://youtu.be/vH0gvvNjY8k
Strong week for copper thus far.
Have a pleasant evening all. C
NAL, AgArCu, let's make this interaction our last as clogging up the board with tripe is just what you pair seem to want for some reason.
All I've done is call out a false statement made by AgArCu, politely backed it up with facts then provided my opinion.
In terms of my lies regarding my holding NAL, if you fail to believe me then maybe that's down to the fact you cannot get your head around the amount of capital one can accumulate if you are driven, smart and sometimes in the right place at the right time. I'll give the pair of you some advice as above all I'm a kind person ( a trait of my character NAL ), spend less time on here making £2.50 an hour from whoever pays you to flood this board and dilute sensible posts. Get out there be courageous, seek out opportunity, be mindful of others and make some decent money doing something worthwhile that means my holding and the posts of others don't wind you up to the point you both come across in a less than desirable way. C
I agree AgArCu, no meaningful TO is imminent., Scott and Bob need time to open up further options. Just read the words and then read them again before posting. I'm good for help thanks 😊
This is not my interpretation AgArCu, I've quoted the interview verbatim, hence the quotes.
You'll find Warren extremely engaging on Twitter so by all means contact him and ask him if his recent quotes mean he's 'put a nail in' the fact that there is no bid coming. I'm sure he'll confirm his recent quote 'we'll get sold' ... just might take a few months from here is my take.
I'll keep an eye out for your tweet and look forward to him correcting you. My interpretation is that his patience is being tested with SOLG, but the asset is great and this will get sold in the medium term and he, like I trusts this management team to do the right thing by all us LTH's.
C.
@AgArCu Re: 'in the absence of a bid (and WI has put a nail in that) ' This is simply not true....
WI merely expressed his opinion that copper wasn't living up to the hype that was around at the start of the year and cited the lack of interest by the majors such as BHP and Rio in SOLG as one such anecdotal observation of his. He did state there are fundamentals are however in favor of copper though for sure, but it's just not impacting the copper price.
He went on to say that the 'Chinese are wanting to buy' (unclear that was correlated to SOLG) and 'we'll get sold' ( relating to SOLG), so it's untrue to say 'WI has put a nail in that'. We will get sold AgArCu.
Comments started arising about looking at a new mine plan early June so I think limited interest has resulted in Scott and the team looking a lower capex alternatives to entice suitors with smaller budgets into the ring with a view to getting more of an auction style sale of the main asset going as that the best way to extract the best price. They must be a couple of months into that review now so let's hope for some news in a few weeks.
It's frustrating and could be a fair while longer to get this sold but Bob, Scott and the team are on it and the long term fundamentals are there, so it's just a question of patience. I personally don't think we'll get near to the NAV of circa 72p or even Peels 65p target, but anything north of 50p and they are welcome to my holding.
ATB, C.
WI still not feeling the love for copper at the moment after doing another interview...
https://youtu.be/f8qzvJ3mQPI
Think SOLG is going to be quiet for while until hopefully favourable election results and this modified mine plan give us a lift. C