BHP posted a 9bln half year profit, there looks to be a lot of spare cash swilling around the mining majors. I hope they don't spend it all before April/May, they'll need to keep some back to bid on Bushranger.
The MM manipulation is blatant, huge buying over days struggled to get the SP over 7p, then, half a day before an RNS it starts dropping and on low volume after the RNS we lose nearly a penny.
RE: Helpful link for new investors10 Feb 2022 09:47
Not left, just watching and waiting, I think the majority of 7p sellers have pressed the button and gone, a steady climb from here I think, barring RNS's which could send the SP up or down.
Yes I too am of the opinion that CB is looking for a third porphyry, if he finds one will he go looking for a fourth ? We need to leave enough (potential) meat on the bone for the eventual buyer IMHO, without selling ourselves short of course. A sale by Xmas 22 would be fine by me if we increase the value closer to the £1Billion mark. Wishful thinking I know but I think this is going to be an exciting year.. Hopefully hold 6p today too.
Monthly divi is a great idea, reinvestment every month will keep the SP bouyant and I rather it be me buying shares than the company doing buybacks. Unless there is something to invest the cash in there is no point in the company having piles of it in the bank, it's not very productive.