Member Info for Montecristo

People are not interested in looking at Anglo or Glencore, they are looking for confirmation and someone to blame.

If there was big news tomorrow, the share would fly, if Nick's in charge or not.
The experts say you should never fall in love with a share.
I tell you all one thing, lots of people on here have fallen in love with Nick Mather!

The solg share price has a history of drifting without news. It has always happened. The board would be fully aware of this, and we always hear Nick's supports say" Nick and the board will not be interested in the day to day price of the stock, they look at the bigger picture" I've heard that a million times. You cant have it both ways.

I think the stock would have gone down today, if Nick was staying as CEO or not.
Lots of mining and other stocks are down heavily today.
There is a lot of conformation bias going on today.
If the price goes up tomorrow , does that mean that all the people who wanted Nick out are right?
No one really knows what's going on here, that's the only thing we know for sure.
Nick's salary alone ,was starting to make this company look like a life style company.

Ok fair enough.
I suppose I dont read all that's been said.
That's the trouble when you dont read the board from time to time and then comment on what's been said on the day.
I take it back.
I will continue you read your posts with interest ( lm sure your relieved to know) lol

Why mention it now then Red,
And not at the time?
I bet if the price went up over the last few days you would not have said anything.
I read what you said with interest before but wont take much notice of your posts now. People can buy and sell all they like, but when they blatantly post with an agenda, their point of view becomes laughable, sorry.

I really dont think they are losing to much sleep about how much they will pay. They are one of the biggest companies quoted in london.
GSK, a similar sized company,bought a smallish american company last year for €5 b.
The shareholders hardly battered an eyelid. It was just regarded as a great company with very few comments about the price.
Remember it's the company's money, not their money.
I think we are reading to much into the price. I think when all the dust settles and everything comes out in the wash, it will be more about strategy rather than how much they had to pay. If someone else bids ,they would soon put their money on the table to counter.

I still dont buy the argument that a major would not pay fair value. There is benefit in them waiting.

Colonel Drake
I don't think Ecuador would have any hesitation in the slightest about selling to the Chinese.
There is no evidence that BHP have been buying more shares.
Any big buying and the market would been to be informed

Ok tell me something,
What do Newcrest and cornerstone stand to gain by BHP getting the their shares cheap?
Are you saying cornerstone are going to production with them?

That's the point im making!
BHP and co are not buying in the market. Why would the sp be going up. I think someone on here mentioned the other day. All small pi's interested in this share have already loaded up.
This will fly on any rumour of a bid but not now.

Does the low volume in trading necessarily equate to majors not being interested?
Nick once mentioned years ago around 10 big companies had been to visit Alpala. He did not mention names
I was invested in MARL a few years back. They were sold to sandstorm a few months after their first PEA and no one had ever heard of them. They were not on the share register at the time.
Was it Buffet who said the shock market is a weighting machine not a value machine . The mms move this share 10% on low volume. Is the share price a true reflection of what is really going on?

Why would the NAV prevent a fair price being payed now, if the future metal value is in excess of 50 B

If the PFS comes up as good as we hope, if Alpala has as much gold silver and copper as they say. We could sell it to anyone for a fair pre production price

Shipright
It's a free world mate, anyone can buy it

Good afternoon Quady
Why would we sell cheap?we can sell, it does not have to be cheap

I hope your right addicknt
I would love a rinse and repeat strategy.
We have so much quality land.
The time frames and operational plus political risks involved make going for production un stomach able for me personally.

Your quite right Quady, the company has clearly stated it's strategy. They have been consistent with that.
The trouble is, I think most shareholders, that includes big and small don't want that strategy.
And as shareholders everyone has a right to their view.
The board had a responsible to listen the them.

Icwanderer
I was thinking much the same. Pretty obvious Franco and BHP have not come to the same conclusion

Thanks livinthedream
Good luck with your investments.
We live in hope.