Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I received this from Chris a moment ago- can't wait to see what he has written as he has very close links to Solg having visited Cascabel on more than one occasion.
The question raised was about the departure of DC.
"I'm compiling a LOT of thoughts on the situation, which I'll have in the next issue this weekend/beginning of next week."
These are the boys to follow in getting SOLG sold.
Irwin is closer to the action than anyone else.
COMPLETED-COMPLETED-IN PROGRESS are the key words for me.
I am just hoping that the bidding war starts sooner rather than later.
All to play for now.
The global supply of copper is running dangerously low, according to top commodities trading firm Trafigura.
Kostas Bintas, Trafigura's cohead of metals and minerals trading, said at the FT Mining Summit on Thursday that inventories can currently cover 4.9 days of global consumption and could finish the year at 2.9 days. For comparison, copper inventories are typically counted in weeks.
Copper is an essential material that is purposed for use in machinery, smart phones, EV batteries, plumbing, and even wind turbines because of its ability to effectively conduct electricity.
While the collapse of China's property market has weighed on copper demand, the growth of renewable-energy technologies more than makes up for that and will drive supplies lower, Bintas said, noting that the European Union has accelerated its target for doubling solar energy capacity.
Everyone was wanting to pin him to the wall and have his guts for garters as recently as last week.
I think the guys got balls to stand up to the pressures and pull off a deal like this one.
It removes the fly in the ointment CGP and opens up the for sale sign now.
Fully expect to see a flow of news following this deal.
Great job DC now you can stick 2 fingers up to the soothsayers.
You should not have sold RK- you lost money.
Like everything else I have learnt traders love to spook markets and individual shares.
The drop to 13p was a play on holders emotions.
I know you will make up any losses.
I am not trading as I do not want to miss out on the big prize.
RK a fair enough reason why you sold.
I have no issues with that apart from the fact Solg have far more fingers in the pie that you and I do not even know about with regards to funding-one of which either NCM or BHP will double up on their current holdings, which will benefit them ,maybe not us but will be a big boost the share price will happen and maybe this will generate outside interest which is what is needed.
I am not selling- been in too long to miss the big payday.
To me yesterday they are well under way with the funding issue and of course the market will be notified in due course..
Not sold a single share but also not bought a single share.
Too many idiots now infesting this board that there is no point making any meaningful posts.
Does anyone really and truly think Solg will go under??
Absolutely no chance.
The BOD at times need to look at themselves before they do another KK -take your time before you release news.
Yesterdays RNS was indeed a KK public relations disaster.
KK has given Labour power for the next 4 years in an afternoon of political recklessness and Liz -we ll what can I say but nothing.
Cancel the Tory conference at it will make things worse, reconvene Parliament and reverse the tax cuts.
I think of all 3 departures JW will be most missed.
CFO's come and go at a whim.
My CFO lasted 6 weeks- could not get on with the boss.
I can see this being the probable reason for her going.
Lets just move on and get this mess sorted out.
No doubt Dc is under pressure and will he be next to go?
This I doubt but the man has to get a grip on the situation.
Its not as RK says a shipwreck.
I appreciate RK's posts -always insightful but at days end you have to believe in why we are here.
We are so close to major news Jv/bid and still have 23m in the kitty.
I am going nowhere except to the filter button so I don't have to read massisveray's sarcastic bull...t
This will all come good in the end.
And a drop of 5%
Shows just how the market can react to such pitiful volume.
I have to say the gyrations and swings both up and down is unusual for Solg.
As posters keep repeating there is activity going on behind very very locked and leakproof doors.
Every time we make progress something pops out of the wood.
Blame Putin for todays action.
Dont blame the indigenous people.
Its not about mining.
Its about cost of living .
Its painful to watch once again, but as it has been said this morning Solg is not affected.
I am just amazed and very surprised at the overreaction-but heyho it does create a market.
Red- on 130,000 traded half of which are buys I dont think its copper price based-just usual early morning shenanigans.
We know what happens as the day goes on.
Just waiting for the General meeting as the next bit of news.
The general market is down ,gold is up and therefore at long last gold is now in the "safe haven" category.
I still am of the opinion a bid is around the corner-how long the corner is no one except DC knows.
Todays action is more than encouraging.
Possibly 40 p by weeks end is a distinct possibility.