Member Info for mattlilly

I'm sure Ayten understands Oz capital markets, but she's only just arrived and is willing to listen and learn...

I worry that the rest of the Brisbane Board don't understand LONDON Capital Markets where the primary listing is.

Ingo certainly di but he's gone.

If Darryl is driving this game it won't end well unless of course there's a bid...

Because its time to put a floor under the market, which they've failed to do for years...

So the amount raised needs to be enough to assuage the market and believe that it is a bottom. I believe that can be done at 20p...

If you do it in bits and bobs we'll be back here again within months...

Its called 'kitchen sinking'...

They need to do a $50m raise now that the market can believe will leave them fully cashed to DFS...

At 20p it could put a bottom in that we'll never see again...then onwards and upwards...

Compare these two presentations at the same Diggers & Dealers conference...and the IRRs...

https://www.youtube.com/watch?v=BitGYVYN3rM

hTTps://www.youtube.com/watch?v=crj_hEAFx80

And 100k for Mrs RK at 22.62...

Bought back another 50k at 22.80...holding back the rest...

Blowout US Jobs report could be good for the US economy and there's the 500 million copper fraud, but the biggest immediate reaction was the dollar surging upwards on expectations of a 0.75% Fed Funds while at the next meeting and 4% interest rates next year so...

Gold, silver and copper smacked down...

22.55/22.83 in 100k...

Does anyone have a subscription?

https://www.mining-journal.com/events-coverage/news/1437266/solgold-weighing-up-funding-options-for-cascabel-dfs

Can buy 150k but only sell 50k...

Blame the funding 'fail' brad...and the hiatus since...the SP closed at 27.45 the night before the fated RNS...since down over 16%...

Where will it bounce from...?

Thats the price to sell 100k or more dave...just dummy checked...

Thats exactly what I was saying.

Sliding now...sub 23p...

Was their a market pause between 10.10 and 10.43...? No stock traded...unlikely to be in auction given the low volumes today...interesting...

A well reasoned post rcgl...

If one of the two 'walked away' I think they would sell their entire stake to another major rather than work them out through the market...

Both BHP and Newcrest paid significantly above the present price. If you think what a $50m cash raise would do to the SP, what would a c$100m stake being 'worked' in the market would do...which means it would be steadily reducing the ultimate proceeds.

When Newcrest withdrew Craig Jones, they carried out a strategic review of what to do with their stake and decided to keep it as a strategic investment. That means they expect to more than recoup the cost over time...or by a straight sale.

The most obvious buyer would be BHP, which with buying in the market could take them to 30% PDQ, but...

If another major bought it, it would give them a strategic foothold and starting point before a bid.

I'm certain the Chinese would pay well for Newcrest's stake, whether or not the Ecuador government wants a threatened stranglehold on mining as well as oil...

So I'm not worried about a stake sale by either. The most likely is Newcrest. If it went to BHP I would expect a final exit price on takeover to be lower than if it went to a major such as Barrick...look what happened at Noront...

Slightly better sentiment in industrial metals this morning but with copper down 1% in the last couple of hours, lets see if it lasts...

Meanwhile looks like a couple of PIs have picked up chunks of stock...

Well almost all...I survived a couple...

He's never told me but the suddenness and what he posted on Linked IN suggested he had 'unfinished business'

Some have suggested it was the Brisbanification of Solgold that was the reason but given the job he was appointed for (to finance Alpala), his time as CFO, all that he invested in investor relationships across the globe but especially in North America and Canada suggest it may have had more to do with a disagreement over policy.

When that happens the CEO always wins...

23.4p...