focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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.
"business as usual was my impression"
Mine too, that's why we have 32 month low today.
I have learned a lesson though, when we had the second duster in the NS and I sold the lot at 25p I was persuaded by the opinions of a couple of knowledgeable chaps on here that it was a "buying opportunity" and bought back in. That taught me to listen to myself and not the agenda of anonymous people on a website.
65% down later I'm still waiting for the bounce.