Member Info for mattlilly

Since when did not assert values have a direct effect on SP valuation...?

Explain Teslas valuation when they were only selling 50,000 cars...

Oh dear copper...you're back to post that...I presume you're being ironic...

Up 8% to a 5 month high of $3.68and the volumnes are creeping up...

Is the next shoe ready to drop...?

Sleep well

351,862 at 18.20 up 8% again on the day...

Excellent

Of course they have to still keep working towards production, but they're only soending $3 million a month, so we've just raised 17 months worth plus probably another 8 months that we still had. And thats without the proceeds of the CGP stake in SOLG which would probably go for at least $40 million...

Happy days...

But frankly I would rather that we were bought for 125p and I can invest the proceeds in the welter of beaten down high yield UK stocks...

Don't be naive DartFrog.

80% of the shares are NOT held by PIs...

If anyone is determined to buy us they will have to pay the right price because there will be ,ore than one suitor and the Bpard won't let this go for a song.

Mather and his interests own almost 300 million shares. In the past he has made it clear that Solgold will not be sold for less than the NPV of Alpala. DC says that is a minimum of 78p.

Given the merger, the people concerned (especially Sangha, Irwin and Mather) I am certain this is being cleverly engineered towards a sale. Sangha owns Maxit; Sandeep Singh, chief of Okritis is ex Maxit. Maxit are advisors to both companies.

I believe it will go like this now that we have no cash worries until DFS is complete (once the CGP 6.7% stake is sold).

Sale of the 6.7% stake to the highest bidder, at a price which will now be significantly higher before today's RNS, probably at least 25p.

That will add momentum to today's move. Remember we were 35p less than 5 months ago and we were 28p in July when the copper price was 15% lower than it is now.

There is then Porvenir and Alpala PFS Addendum news to come and I see no reason why we shouldn't be back at 35p before Christmas.

There are people who have been on here longer than me and I'm at least 8 years.

This is at least the second best new Tier 1 copper asset in the world, even without the huge amount of gold.

The idea that anyone can steal it for a lowball price is preposterous, especially as BHP and NCM's holdings are about to fall to just over 10%.

Noront was 23c before the bidding war between BHP and Wyloo started. BHP lost out and Wyloo paid 110 cents.

The only thing that can stop this going for probably over 100p is a crash in markets in general.

Thats why the Board is getting on with it.

Bid moved up sharply to 17.94...18.20 paid...

This is a spoof...

Now bid for 300k at 17.73 vs Quote of 17.62...price moving up..

There were some chunky buys starting to com e through before it was taken down and, I suspect, a B&B in 109k shares...

Somebody is confident...lets see when people are back at their desks after lunch...

Copper price gapped down this am on Chinese news, but seems to have stabilised and gold is holding at a one month high...

Definitely a tree shake...

Market quote 17.62/18.20 but...

Firmly bidding me for 300k at 17.73...

Lest see what this pm holds...

MMs taking this down...

Tree shake...?

17.62/18.20

Sorry that was a UT but 19.11 paid just before that...

Volume slowing but MMs still bidding for 100k above the market quote...

Its lunchtime...lets hope for an exciting afternoon...

19.20 paid at 12.10....come on....!

How about this lunch...

Total annual cashflow is $14.5bn x 0.6% + $187.2m in cash terms

At 0.6% is $87m

But Osiris value is $50m, so

NPV is reduced from $2.9 billion to $1.67bn (50/87)

Which is £1.44bn at current dollar rates

Divided by 2.296 million shares = 62p/share...

All comments or observations welcome

That would be helpful lunch...

Very wide spread 18.22/18.78...thats 3%...

Suggests the MMs are very defensive...

I've been looking at the pattern of trading today...

Relatively small Autobot activity, so I don't think the SP is being held below 19p...

If you think back to when we briefly spiked to 21p on the merger RNS immediately following the Mistui message, it is quite clear that profit taking set in.

And this morning I think we have a healthy two way market, with people taking positions on the off after the RNS...

Some of them will hold on...some will take short term profits...some will trade around the edges and maybe some stale longer term holders will lighten their holdings to reapply elsewhere or even hoping to buy back in lower...

Lets see...but we are nowhere near the end game and there is much more news to come...

Stake sale

PFS addendum

Porvenir

News on the smaller projects (we hope)...

And all before the AGM...has to be or several could be toast...

I wasn't criticising you, I was corecting a possible misunderstanding...

It doesn't in any way undermine the very good points you make...

Nobody challenged my post at 9.12

"By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...

In NPV terms, $400m (£350m) for just over £50m..."

So I reproduced something somebody else had taken the gtrouble to work out.

Another poster said at 25% NPV it represented 89p a share...

I could do those calculations but I simply don't have the time when somebody else has put in the hard yards...

So lets just absorb the opinion that it values Cascabel at AT LEAST 55p a share...

Its not spurious, its from a knoledgeable poster on Twitter...

I just can't be a***d to reproduce the detailed calculations on here...

I prefer somebody else to shoot it down or verify it

Once we get firmly through the strong 19p resistance the next big levels ar 22p, 27p and 31p...