RE: Are we in the quiet stage10 Aug 2022 11:15
Bozi...were you actually invested in Sirius Minerals...?
It was always going to be a dog. I bought at 2.5p and sold at 12.5p and OK I missed out on the big rise, but particularly in North Yorkshire and the North East, some folk lost their entire pensions because they bought on sentiment and refused to see the writing on the wall...
The only writing on the wall here is several (probably) Tier 1 assets; a proven PFS throwing off Billions in cashflow from a prospective mine, in a stable economy, that will be producing not only millions of tonnes of copper, desperately needed for EV's transmission lines, charging points, etc. etc., with a looming supply deficit that will last for years...but also gold in millions of ounces just as it once again becomes the 'currency' to hold...
OK you might argue that we desperately need fertiliser in a starving world, but Sirius was mining polyhalite not potash and there wasn't even a mature market for the ore mined.
They got way ahead of themselves, the numbers didn't stack up, it couldn't be financed and Anglo bought it for a song...and now its progressing...slowly...
So please don't alarm people with comparisons with Sirius...a much better comparison would be with Antalya Mining...80p a year before production, recently 448p and, when copper prices rebound and energy prices abate, will be yielding 11% at the current price. No thats not a recommendation, its a comparison, b because...
One day we'll be a massive multiple of ATYM or...we'll be taken over...
And if BHP are stupid enough to try a Noront/Oz on SOLG, they'll not only have egg on face again but will stimulate the mother and father of a bidding war...
As stated in the quote below:
"other large miners and metals firms are sitting in the wings flush with cash and confident in the long-term outlook for metals like copper...."