Member Info for mattlilly

So I can sell 6 million bout only buy 50,000...

MUST be something happening...

You're right...I can't buy a single share but I'm firmly bid for my entire holding (6.386 million) a c8.78...

Hi Bozi

Newmont. You said: "Newmont held on but it seems that we aren't a core asset for now. "

"Newmont Corp (NYSE: NEM) said on Thursday it plans to sell six non-core assets"

They've kept Solgold, possibly because of: “Our go-forward portfolio is the new standard for gold and copper mining [and] provides our shareholders with exposure to the highest concentration of Tier 1 assets in the sector,”

https://www.mining-journal.com/london-to-a-brick/opinion/4189775/newmont-kingmaker-future-solgold

BHP: From the AGM:

"We have strengthened our already very strong position in copper, and we're exploring further growth around the world....It also leaves us well placed to work with smaller miners and explorers to bring new deposits to market faster and with less risk..."

Their core Strategy: "We will responsibly manage the most resilient long-term portfolio of assets, in highly attractive commodities, and will grow value through being excellent at operations, discovering and developing resources, acquiring the right assets and options, and capital allocation....We seek to add high-quality Tier 1 copper interests through our exploration activities and early-stage entry and acquisition options."

Filo and Oz Minerals

"BHP's share of the consideration for the Filo Acquisition will be approximately C$1,908 million (US$1,377 million) in cash. "

"BHP closes $6.4bn buyout of OZ Minerals"

BHP's Cash on Hand at 30 June 2024 was $12.5 Billion

They had Net Operating Cashflow of $20.7 Billion

So even at 80p/share we would only cost $3 Billion...chump change...

"Jiangxi are being extremely secretive. It's hard to know what their intentions are but they haven't bought on the open market for some time. That's why I said they are harder to speak for. I don't know. But I do think they'll be shook from their shares at around 50p. "

You have absolutely no basis for saying that.

Jiangxi is owned by the Chinese State; copper is strategic to China as they seek to get an armlock on it; their copper smelters need a constant feed and Trump is about to start a Trade War; they have been buying gold like theres no tomorow.

China also has a Free Trade Agreement with Ecuador since May 1st and they already have significant mining interests and an armlock on the oil industry.

So you can sure that if China wants Solgold, Cascabel, Porvenir the other 85 prospects and prospectively the biggest single mining footprint in Ecuador, price will not be an issue.

And buying more shares in the market would trigger takeover rumours and move the price against them.

They don't need to buy any more shares but if they bought one of the other 3% plus stakes (as well as consolidating Valuestone which they own), just watch the price fly.

Finally, there are at least TEN major players in the dataroom...when BHP made their first serious bid for Noront they didn't own a single share and only backed off at 75c ceding to Wyloo's 105c knockout bid

"My view of the situation - 25p bid Mather rejects. Other major shareholders harder to speak for. "

You cannot be serious...major shareholders would take 25p for the biggest new Tier 1 copper/gold...PLUS all the Regionals and Porvenir...!?

That means you're saying 75% would vote in favour of 25p, which is what is needed to secure a takeover.

Utter theoretical tosh.

Bozi mate youre in danger of arguing black is white...time for you to sell out it seems...

Smick...

It was a flippant throwaway line and thoroughly irresponsible at the time...

However he has since publicly stated he would "take a buck" i.e. 80p...

Thats uncharacteristically cautious of you Bozi...

So I assume you will be selling your shares and buying back in 2026...

Meanwhile Noboa is pushing SOLG to move faster so I can't see therm failing to tick all the necessary boxes...

And to repeat...Scott said months ago they've already got enough to cut the first sod to build the mine...

Remember Tandayama comes first...open pit...

3 hours trading...17,000 shares...is it Christmas Eve already...?

Waiting...and watching...

Just to be clear...

Do you seriously think BHP (in at 45p) Newmont (40p) Jiangxi, CGP, DGR, Mather, Sangha, Sprott or 90% of the people on here would take 25p...?

If so why go through all the palaver of PFS3, DFS, permitting, FNV/Osisko $750m, etc when they could surely get 25p any time they want...?

As Noront showed, anybody daft enough to underbid will get blown out of the water...

Very positive...I wonder if JonnyLumac is Jonny Liu...NED...

Re 1SN...apologies...I hold 500,000 not 50,000

Totally lost the plot! 200,000 ae 5,52 gu=ives 500,000 at 6.119p...

Holding long and strong!

Sorry...20,000 not 200,000...Oops!

For some reason, my 11.45 bargain hasn't shown up yet...

No doubt they're waiting for it to look like a SELL...?

A couple of solid Buys this AM plus what looks like a substantial Bed & Breakfast...pretty positive...

O/T

From time to time in the past I have been asked for investment suggestions. I only mention stocks I own.

I've just upped my stake in 1SN to 50,000 shares and if you want to know why see my 12.15 post on 1SN LSE

Hope this helps...

LM...this has to be one of the best bargains around...

Its NOT quoted on AIM and the story just keeps getting better

Under a reasonable scenario in their recent presentation the upside NPV of Taronga alone at $40k is 645mAUD or £331m sterling...

Metals X upped their stake to 29.91% in the recent raise...thats about as far as they can go without making a bid...

And the Chairman bought 10.2 million for a cost of £612k in that raise, taking his PERSONAL holding to 10%...

Listed on the Main Market, whats not to like?

As to liquidity I just easily bought 200,000 at 5.52p to raise my stake to 50,000 and more than recover my dilution.

Good luck...

Sold GPM higher to create the funds to take up my entitlement...no brainer...

Hooray...we have liquidity...

I can buy or sell SOLG at...7.8878/7.85...

Be nice to close with an 8 in front...

I'm firmly bid for 5 million at 9.38...

Pebsi

"I have over 10 million @ 67% down - it's a start..."

When the SP was .1175

Now .0925 and you're talking the shares down...perverse...