Member Info for mattlilly

Oh dear...UT could be in the 16s...

Wheres the momentum Twigger...? All talk no action...

Sorry Stack...I believe you're completely wrong, otherwise why is Maxit driving the bus...

Meanwhile, a nonsense in the market...Bots were steadily selling at 17.28 for a couple of hours then at 15.51 started steadily buying at 17.30...

Make sense of that...?

oh dear...got to close in the 17s...

17.283/17.297...weird...close to a backwardation...

Need to close at 17.50 or above to keep the momentum going...

Becalmed by Autobots for a couple of hours, suddenly the market wants stock...

I'm bid for 380,000

the hill is going on...?

96 of the last 104 trades are Autotrades...

Is this being kept down...?

BHP has publicly stated their focus is on Tier 1s

Noront was strategic...

Stackhigh, its not the cufent MCap of SOLG that matters, its what BHP would have to pay...

Even at 80p that is north of $2 billion

They bid $250 million for Noront and then walked away when Wyloo bid $370m

And this is the argument they put to the shareholders:

"BHP recognizes that delivering Noront’s portfolio of projects in the Ring of Fire is expected to take many years, require significant capital investment, development of remote infrastructure, and management of numerous stakeholders. There is no certainty that shareholders remaining invested in Noront will ever realize the value for their shares offered by BHP in cash today."

https://stockhead.com.au/resources/ground-breakers-bhp-top-brass-wont-blow-up-the-bank-on-fair-oz-minerals-bid-as-copper-becomes-must-have/

"BHP is primed for M & A, with oodles of spare capacity to spend big even after announcing a US$8.9b final dividend, paying out 77% of profit after announcing a US$30.9b net profit and US$23.8b attributable underlying profit for FY22.

“We will absolutely remain disciplined, just because we know how important it is to ensure that we’re remaining disciplined from a capital allocation perspective,” he said.

“We spent a number of years now, building trust with shareholders. That’s a very precious thing and so as we did with the Noront process of last year, we have a very clear eye on value...."
Sound familiar...

Extraordinary...Quote is 17.36/17.38...

Actually 17.365/17.3784...!

So why did they publicly complain when the FNV deal was done...and NCM withdrew their Director...

mog...the stream will be from Cascabel but iot doesn't say if the expenditure is restricted to Cascabel...

Doesn't matter though...stake sale coming which, tpgether with $20m plus left over can fund all we want to do outside Cascabel...

Especially as they're being diluted to 10% smickster

Loads of chunky deals going through today...

Somebody must be buying them...

sorry...99,422

Testing support...

Bought another 100k at 17.30

Looking hopeful, but we could do with breaking convincingly into the 18s and then on into the 20s...

What J/V?

Newcrests involvement in Havieron hasn't had a beneficial effect other than to give people a chance to get out in the 30s...or even the 20s...

Three days of volumes between 4.7 million and 7 million and now we have 5 small trades in the first half hour...

Does this mean the Buy order has been filled?

Will there be a TR1?

Will there be a stake sale RNS and has the buyer bought in the market?

All intriguing...

Great research again DBW