Member Info for Montecristo

Offer

10th Oct 2016 RNS
BHP made a buy in offer for 70% of ENSA.
They offered to fund future exploration. It's was dismissed by the board as a derisory.

Im sure they made an offer of sorts in 2016 that was the catalyst for the climb in SP from 3p to a high of 46p?

I'm not convinced at all.
BHP, payed much more in the past for their shares, and even bid for the whole company in 2016.
They clearly think it's worth something, they have looked to increase their holding whenever possible.

All holders would listen to offers.

Why wait for more discoveries and for metal prices to rocket as most experts are expecting.

It's not a lot of money for BHP to buy us now, they pay out more in one year, on dividends.

It's not like me to defend Quady, but after the conclusion of the Standstill agreement, I was expecting a bid, so were many others.
He s the only one who has given a reason why they have not bid .

I've ask many times why BHP would wait, I've never had a good answer.

I don't buy, they are bidding their time argument. For what reason?

Looks like we called it right on BP

Anyone have any ideas on likely offer price?

Jerry
You are right, but we have seen it all before. Pea, the supposed PFS last year. Fantastic asseys, even a potential new discovery at poviner. We get to circa 40p and one way or another we always manage to get back into the low 20's, be it management f___ ups, artisan miners, referendums, elections etc etc. And that's not to mention cornerstone, BHP and il Duce Nicky boy.
I have always kept a main holding with a little trading here and there, if I had done it the other way around ie small longterm holding with a bigger trading pot, the final take out price would not be so important because I would already be on the yacht lol.

The trouble is, we wont be selling any for 6 years min. So dont see how it matters to much for us. I'm in Glen, so it helps there, but not so much for solg.

Is good for one thing now. Trading. Buy around 20 and trade. Dont be too greedy. Best way to make money with it.
If it makes you sleep better, keep some in and trade the rest.

Toff
I was making a general observation. I was not aiming insults at anyone. I just picked up on a thread, not knowing who started it or aiming it at anyone.
Again you get the wrong end of the stick and seemed to have taken offence.
You starting insulting me. By your logic, I then have won the argument.

Pap
Your getting your knickers in a twist. You make the mistake, many make in, trying to over play a point that actually misses the point.
I may not articulate myself to well, but the point being, it's a mistake to look at the FTSE from 1999 until now.
The 1999 high was artificial. It should never have been that high in the first place. People buying then were buying on the spike of all spikes.
Your friend Toff, did not understand the point I was making about Woodford. I know what happened to him since, but he took plaudits at the time for not suffering huge losses in the years after the dot-com boom.
If you look at the start of the FTSE in 1984, look were the bottom was after dot-com, look were the bottom was after the financial crisis and look were it has recovered from now. You will see a steady rise, if you understand dot-com and pre 2007 crisis were over inflated tops.
It has gone nowhere in 20 years because only a risk taking trader would have been buying in 1999 or a complete amateur.
Its you and your mate that make rude judgements on people's intelligence, I was just making an observation.
I won't be making any more on this board.

Toff
You do come across as a rather arrogant tw-t. Always the sign of the true one who is unintelligent

Not including divis!

Toff
You completely missed the point.
I've saying there has been plenty of value in the ftse over 20 years.
You made the point your self.
And watch your insults boy. It was just an oponion@

Ftse 1984= 1000
Ftse now =6700+
What's your point pap?

I've never bought into the notion, that the ftse has not gone anywhere in 20 years.
People who say that are amateurish investors or wannabe day traders that started investing during the early days of the dotcom bubble, not knowing what they were doing. And have never got over it.
Thay are similar to people investing in bitcoin today, who have no investing experience.
People with experience in the 80's during the early days of the ftse, would not have been buying the dotcom bubble. Famous examples of this are Buffet and woodford who stayed well away, despite criticism at the time.
Investors buying Unilever and national grid in the early days. Would be on many multiples and double digit yields now. Sensible companies with clear earnings and growing income. Tell them the ftse has gone no where.
Invester who bought ftse early. Saw the froth of dotcom. And bought the drop. Saw the froth leading into the financial crisis and bought in the ten years after. And who weathered covid and are buying now, have had a wonderfull 20 years of the ftse.
In the words of
Buffet
Buy value at a decent price.

One thing I've learned during the solg story, is not to dismiss cornerstone. They have been on the ball throughout.

Hi guys
Just for transparency, can I put on record that, I bought massively,first thing this morning and sold the whole lot at 1.34., just one minute before it peaked for the day.
Nice weekend all.

Come on Red
I was just pulling your leg.
What's 40k between friends

One thing's for sure, RK got out at the top,and back in at the bottom, guaranteed!