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I wouldn't be surprised if Scotty boy hasn't been putting out feelers for his next post.
The one he'll take up just before the lights go off for good and the Govt take back the asset licences and sell them to someone who can monetise it and start paying them taxes.
Still plenty of arguing about the deckchair arrangement on HMS SOLG, even as the water is lapping around our ankles.
As I said yesterday why would anyone be the first to bid ?
Also, as I said two years ago, the vultures are just waiting for the money to run out.
It could be my fault though, I averaged down for the first time in two years on Tuesday.
BBG. I'm not, I didn't say that, I said we had 3 major shareholders I didn't say I was expecting a bid from anyone.
My point was why should anyone show their hand first ? It's the worst thing to do, if there is another bidder you are 3 bids in to stay in the game not two. I buy a lot at auctions,it's mainly psychological.
We have three major shareholders who have an average way higher than the current SP, the shares were paid for years ago, they are a potential tax loss and a very small part of the net worth of each of them.
Solg does nothing but burn money, the only way to survive is to sell something in part or whole.
If you had a money making business and had shares in company that you could buy but on the other hand you could make a big premium on the shares if someone else bought it,would you be the first to bid and set in motion a situation where you might have to pay more that you'd like or would sit there and hope something happens that results in you getting it for as little as possible ?
The asset isn't going anywhere and it isn't costing any one their livelyhood apart from SOLG.
What is it going to take to force a bid ?
I hope you're right Irish, I sincerely hope you're right.
The Zambia promotion in the socials and press we've seen in just the last week has the potential to substantially increase the value of the licences CB has bought.
What a lucky coincidence !
Good points flipper, we read everywhere the opinions of analysists talking about the impending lack of copper, zero stockpiles, an enduring commodities bull market etc.
You'd think the price would rise but it seems nobody has told the people who actually trade the stuff.
As I was saying, here's another Roastie special on mining. https://audioboom.com/posts/8454846-midweek-takeaway-mining-indaba-2024-special-umr-maru-neo-afp-xtr-atn-glr-ura-k
More breaking news.
The US have killed an Iraqi General in Baghdad tonight with a drone so the war in the Middle East is just about to get a whole lot bigger.
Oil will be through $80 in the morning, the way things are going it will be through $100 in no time at all.
I think the Middle East is about to explode.