The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Totally agree.
Ah ok. I’ve been here since just before Hole 5 and never twigged that, how dumb 😂
I get that they have to plan for all scenarios and have long term strategy etc... I like the subsidiaries and their prospects. But if Cascabel was to be sold, why hasn’t that been set up in its own subsidiary?
Going by your logic... why would any major take any punt on any concession... that’s how everyone starts, a punt on some land which ours are the best picks of them all. They buy solg, get Cascabel and a bonus of having the best land packages. They’re all moving in and all taking risks. With solg you at least have Cascabel to reduce that risk. Take out for sure.
So you think BHP will pay couple of Billion for 1 resource within Solg but just paid 35mill for 6% of the whole company. Doesn’t make sense. Gross that up to 100% and you have the mcap we hit yesterday. So I think that explains the rise too. We will get bought out, we don’t have the resources to take this to production. Not unless our holdings are diluted immensely.
Why would BHP buy 6% of Us if they only wanted Cascabel? If they buy us they dominate Ecuador and get Cascabel. They only need another 45% to outright control us.
If he is saying it’s cheap for just cascabel then maybe stick a drill in 1 of the new tenamehts as he states we are biggest land owner and £1-£1.50 would be really cheap for the lot! That’s why BHP buying I think... they want the concessions! Another discovery hole else where would send this to the moon
Yeah, hence the last couple of lines in their post...
We’re also very close to the Mcap that took us to 46...
We should at least see a new yearly high, that’s what I’m hoping for.
It jumped to 0.16 because another company outbid the original offer and both paid 0.16, and then was onwards and upwards to 0.46. That’s how I remember it. I was in Solg early and that’s why I’m here... This should hopefully re-rate in the same way.
Much appreciated analysis, thanks, keep it up
The biggest miner in the world buys a stake and DimJim is still bashing. Unbelievable. You must have skipped school, a lot.
It takes into account price action not fundamentals. although some Chartists don’t exactly say what will happen the few possible routes they mention tend to play out bang on... 20-21p was called at 46p by one of them so explain that?
Reading an article posted on Twitter interviewing BHP C.E.O, quite interesting that it states it would rather add to portfolio by exploration... Kinda endorces how good they think Cascabel is going against their current strategy to buy a stake...
I back this... really enjoyed his posts and learned a lot.
Isn’t a hostile take over the best and most explosive? Buying on open market? Rather than behind the scenes in secret like yesterday...
A lot of opinions on here seem more relative to their position rather than an unbiased view of the company. How can anyone slate a CEO that’s taken a company from 15mm up to 380mm and a lot higher. Oh but you chased rainbows and suddenly it’s a joke company because you’re 25% down.
The people who keep banging on about this not being economical bla bla bla... I’ve seen how hard it is to approve small projects within a business... so you think Newcrest spend 50mil just because their mate said so? They would have done a lot of due dilligence and sign off required right to the top. So a lot of experienced qualified people but let’s just go with what bully numb nuts says on here! Fml
Market cap... I think the market has valued us based on the 2 newcrest deals roughly 41m + 16m = 15% (think the first deal is correct if memory serves me well)... if you gross that up to 100% you get 380m. That’s roughly where we are at Macao wise and that’s what I think has happened here.