Member Info for ProfitSniffer

Well all said he would do exactly this when the bid came!!!

He's kept his head down for a week or so to start the reverse ferret. Notice how the production argument, whilst still there, has begun it's journey into the long grass today.

"Listen to the company, its going to production. you're all wrong and I'm right"

I bet you dropped your afternoon all over your mustard cords and choked on a scone when the news landed. Absolute Muppet. Predictable

But hilarious nonetheless

24 carat reverse ferret in play

what chance? what are you on about you scrawny little ******?

A gallon of petrol would do the job better

Mate?! I wouldn't pee on you if you were on fire.

I used to get socks made in England and they'd last for years on end. Now all the socks are made in China and there are holes in them within months.

They might make things cheaply, but everything they make is utter crap.

Glad someone else sees it. Now smash the cheeky gets. They aren't getting this for nothing

Don't be a thick twat

I posted about it at the time, and speculated were they shuffling them to Valuestone? We expect them to be the last to declare and likely only just under 3% IMO

He still only pays himself the same $100k salary, lives in a fairly modest house and has the same sausage and egg muffin from the Golden Arches every single morning for his breakfast.

He would never touch anything as risky as Solgold. That's for us nutters!

Sorry but you're talking shyte, he's making as much money if not more than he ever did!

Where do you come up with this fantasy BS that you spout on here every day?

He's as sharp as a tack still, he's never entered into the metals and he outlines his reasons for avoiding crypto (ie it's a ponzi) which most sane people grasp.

But there's no time limit? No matter when the chinks put a bid in there will be time for someone to counter should they wish to

L&G Scooping some more up

Another go at 32p resistance?

Management aren't going to recommend anything that they think is materially disconnected from fair value to shareholders, hence the sharp and resounding rebuttal of the 26p offer. Caldwell (Biden) apart, you will struggle to find a board member who thinks that anything under 60p is even close to acceptable, this has been well communicated and Jiangxi know that.

What we do know is that they want control of Cascabel and likely the rest of the assets too. I suspect they are trying to draw a competitor into the ring, there is no other reason for such a stupid offer IMO

Bozi you were almost positive there!

I shall be watching the L2 order book like a Hawk this week, there are so many clues to be gleaned. On Friday it really wanted to go and break 32 and leave it behind but the bid collapsed and ask was stacked with bum/low orders to suppress it. If it can be anchored in the 30-32 range, will Jiangxi come back with something like a "generous" 30-40% premium as their serious formal offer?

I get the impression the Western suitors are just laughing at them. They look weak, they look pathetic. They lack the balls to deliver a Knockout offer.

Agreed, they tried to offer us a 10% or so premium not once but twice when the price was rerating. Both were never going to cut the mustard but the second has angered the board sufficiently to go public.

They wouldn't do that unless they are sure they have either a sound defence or a likely counter. It will be the latter IMO

They also have significant stakes in and can approach via other miners. Notably none of the other major holders have even commented. They are being given as much rope as they wish to take

Out of interest, what do you think the purpose of their bid is?

I think they've dropped a clanger, they were trying to find what was palatable to management and went in so low and insulting that the board decided to publicise how weak the bid was. And the Chinese hate being described as weak failures (but they are)

I'm joking you miserable sod!

Why be so despondent? You've outline what you think are events that have driven the price to where it is now, are you not happy with the last six months?

I disagree with the triggers that caused the rise but we're in play now and that's surely a positive?

Or is your half empty glass telling you that we will not receive further bids or proposals?