Member Info for Madpunter

IMHO when Bob and his Bat were suggesting a quick takeover was possible, a price of around 26p might have been agreeable. Even Scott said at one point he would accept 23p. The stumbling block could have been the sudden political uncertainty, after the President of Ecuador resigned. This triggered a period of electorial canvassing, followed by an Interim President 18 months. As a hard left candidate waa possible and anti-mining groups were rallying, the need to wait until the current administration prevailed. The subsequent increase in metal prices and Tandy results gave extra value to SOLG and the board regected the offer that the Chinese thought was still possible. This explains why Bob thought a quick deal was possible and why the Chinese have made a low offer.

Bozi - I disagree. IMHO when Jianxi and Bob with his bat came onboard, a quick deal was probable. The subsequent resignation of the Ecuadorian President put a spanner in the works. Who would want a deal when an 18 month interim President was due, especially with a possible hard left candidate and anti-mining groups. After the interim elections, it was still possible for the left and anti-mining to win after this period, thus requiring a wait until the current full term. Also, it's quite possible that a low offer was envisaged and Scott's, "I'd accept 23p" is what might have been expected. Therefore, before the share price increased too much Jianxi tried their luck.

Regarding Farage and Boris, we didn't get Brexit, but a watered down version, as the politicians didn't want to get off the Brussel's Gravy Train. Boris started as a Tory Brexiteeer. Howecer, IMHO after police were called by neighbours, and the subsequent pregnancy and marriage to Carrie, he turned into a Watermelon. The Tory party didn't like the surge to the left and Boris was replaced by a true Tory in Truss. Truss did what was right to restore growth and cut taxes. The banks saw an opportunity for a coup to bring in the WEF Globalist Sunak. Truss and Kwateng were blamed for interest rates rising, yet just after the interest rates went up over the pond. Every country that has ever printed more money, has undergone inflation, as there's more money chasing the same goods. After Covid it was worse, as more money was chasing less goods, through factory lock downs. Thus interest has to be raised to curb inflation.

Through government leaks, that the negative city assessment was already baked in. A quick glance at the Footsie 100 shows a drop of around 500 points after the 12th November up until the budget. Plus the proposed taxes that caused the most rebellion had u-turns. This has allowed the left supporter's like yourself to put a positive spin on the budget based upon the city's response since the budget.

Quady - There ws so much negative media about the budget t

profitsniffer - try la rioja alta 904 or marquess de murietta castelo y*** gran reserva especial. another favourite spanish wine is pesquera.

quady - you should look at the lafite website. their sommelier, frederic domingo recommends decanting young vintages of 10 to15 years of age. older vintages he recommends only decanting to remove the sediment, cleaning the bottle and returning the wine to the original bottle.

you obviously know better than the experts about the 2021 lafite being ready to drink.

james suckling recommended another 4-5 years when tasted in july 2024.

wine enthusiast recommends 2028 at the earliest.

ditto falstaff.

vinum 2032

ditto jeff leve

robert parker 2031

jean-marie quarin 2028

ditto jane anson

are all these experts wrong?

ProfitSniffer - I generally prefer the Old World Wines and while the French excel, I find drinking some of them infuriating at times. Researching the experts to drink wines at the very top is sometimes a bit of a lottery. I've had 12 where 2 or 3 have been drunk too early despite all the reviews stating that the wine is ready and then the wine drinking at low to mid 90's towards the end of a case. This would be great for most, but after previous bottles were high 90's it's like a kick in the teeth. It's why I now prefer Rioja and Barolo. I find the window of opportunity to be much longer. My favourite is La Rioja Alta 904. I bought a few cases of the 890 at £50/bottle, but although it's a much bettter wine than the 904, I prefer the flavour profile of the latter. I swopped the 890 for the 904 with my late mate's son. He'd got a large order of the 904 at 25% off and I gave him the same £50 price I paid for the 890.

There's a few New World wines I would recommend. Felton Rd Pinot Noir from NZ. Plus Sena and Almaviva from Chile.

Sorry, fat fingers on my phone. It was the 2000 vintage.

Quady - When I left school after my A levels, my first job was in Quality Control, sampling and taste testing in a brewery. When I left and went to university I managed a bar, restaurant and nightclub. My late golfing partner owned a wine wholesale business and a string of restaurants. The main cellar housed millions of pounds of fine wine. They didn't appear on the wine lists until ready to drink. I've drank many fine wines in the restaurants as well as at home. I used to buy en premeur about 3 decades ago, but now mainly buy at auction, as I can find extremely undervalued items occasionally. My last was 6 bottles of Chapoutier Ermitage Le Pavillion 2001. At the time Berry's listed the wine at £483/bottle. I paid £160/6 bottles. The labels had rotted away and there was no signs of the corks above the bottle rims (The date, name and colour of the capsule, plus the bottle size, helped to identify the wine). Therefore, they had been stored in a cold damp cellar and the wine was likely in excellent condition. It drinks extremely well. Perfect looking bottles may have perfect labels, but contain dried out corks and oxidised wine.

Quady - It's too young to drink and even with decanting and leaving it to open up, you are wasting the future potential. IMHO only a Chamoagne Socialist who knows little about wine would waste a first growth by drinking it too early. Plus only a Champagne Socialist would want to celebrate tomorrows budget.

Quady - Chateau Lafitte is not a first growth. Chateau Lafite is a first growth. The former is ready to drink and the latter, depending upon which experts you follow, isn't ready until 2029 -2032. It will drink well until 2062. You are mixing up two different wines.

Why would Trump help an Australian company?

He would more likely help an American company like Exxon. They have the money and might decide to follow the Saudi's by diversifying.

Quady - You've finally addmitted thst BHP made a bid, by trying to aquire a controlling stake in 2018.

ProfitSniffer - Like the Strategic Review, the ExlporeCo was just tactical bollo.x

There's no such thing.

You can add to that a farmout/joint venture of the tenements that are waiting to be explored. A major may want the whole shabang, or just Alpala/Cascabel and maybe Porvenir. If any tenements are tied with another company it's more difficult to negotiate. Hence the reason SOLG needed the 15% from Cornwrstone. If a major only wants Alpala/Cascabel and Tandy, it's already inside a seperate company that's a subsidiary. SOLG then drill the next cab off the rank.

It's still Wednesday in Australia where the AGM is usually held.

Fortissimo - I did mention that it was just based upon the 31m ounces of Gold in Cascabel and that there's more in Tandy and Porvenir. Plus there's the Silver and Copper. Even the extra 0.3, from the 31.3Moz Au, adds 7p to the 118p, giving 125p.

Sorry I forgot to convert from dollars 2 pounds.

15.78 - 23.58p

118p for takeover value of the in ground Gold in Cascabel.

Talks about the rise in the price of Gold bringing in new money from non-traditional sources into the sector. This has resulted in what was difficult to raise $10m, now resulting to raising $100m with ease for exploration.

Also of interest was his view of the undervaluation of Junior Miners and that they should increase to a $20-30 in ground valuation.

If my memory is correct, Cascabel has 31m ounces of Gold, which equates to 20.67 - 31p, with 3bn shares.

Brien also gave a top valuation for takeovers by the Major's of $150 in ground value.

This equates to $4.65bn for Cascabel, but that's just for the Gold ( this would be shovel ready with all permits etc in place IMHO).

Although SOLG is still a way off being shovel ready, there's also the Copper, Silver and the extra Gold in Tandy and Porvenir to consider.

Quady - It's not my story it's from your beloved BBC. Clearly, the fact that 160+ World leaders, including Xi, Modi and Trump don't think COP30 attendance is important, is very significant. The fact that China sends a group of nobodies is irrelevant.

Looed -It was from your post @ 04:00. I interpreted the part in brackets as implying that Deloitte now controlled TXN. Your more recent post now clarifies that the part in brackets was refering only to FRC.

Jezzoo - Notice how Quady ignored the 'Quady' thread, as it's bad news about the push for Carbon Zero. He's probably using AI at this moment to try and put a positive spin on 160+ leaders not deeming COP30 important enough to atttend.