Member Info for SharketMare

FS now expected to be delivered by the end of September 2024. Is that a delay? Can't remember what the previous guidance was.

SD's "tremendous" comment might be a nod that Newmont are going to play nice.

I think we are all asking ourselves where the bottom is. The director buying put a floor under the price for about 24 hours. The market is extremely bleak for explorers at the moment and we're going to have to raise funds in the next 6 months or so (assuming we have the foresight to not leave it until the very last minute).

Despite what some say on here, volume since the end of September has been much higher than the 3 month period preceding it. Who is offloading the stock?

This country is going to the dogs. Nothing works anymore. Our water companies are pumping sewage into our rivers and streams. Our prisons are almost completely full, with around 650 places left nationwide, and 65,000 cases waiting to go to the massively backlogged crown court. Our rail travel is ridiculously expensive, often quite crap, and encourages people to drive cars. We have totally failed to properly integrate the absurd numbers of people arriving here, who all want to live in our cities and all need housing, schooling and healthcare. The healthcare system is on its knees, constantly. NHS dentists are rarer than hen's teeth. House prices are still a joke for first time buyers. Politicians are totally clueless to solving any of these issues.

TheItalian, that is my reading of the situation too.

TI, here you go mate: https://www.afr.com/companies/mining/how-bhp-newcrest-may-lose-their-copper-prize-to-a-scrappy-crew-of-minnows-20221114-p5bxxy

Bozi, do you see him getting 50% or fewer of the votes cast? Mather had 44.7% vote against him having just checked. Is there that level of support for an ousting of Scott?

I also think that with Mather, CGP and the likes of Irwin supportive of Scott, there is greater scope for him to ignore the discontent, particularly if he feels confident of landing *some* good news in the first 3 months of next year.

And even if he does end up with a similar % to Mather, I highly doubt he'll walk. We already have a shoddy reputation regards governance issues...

Othern, I'm not familiar enough with the register at the moment to do the maths. Appreciate BHP and Newmont are likely to vote against, though we can't know for sure with the latter.

Orthern, I highly doubt that. As has been discussed multiple times on here PIs would be foolish to vote against him at the AGM. He stands to benefit to a much greater extent than any of us through a sale of the business and it's plain that's the outcome he's pushing for.

Whilst I generally don't see merit in comparing the two companies, Caldwell has put his hand in his pocket in a big way compared to Shaun Day at GGP. Let him get on and see what he can deliver. If we are left guessing at the end of Q1 '24 I will at that point struggle to keep faith.

Thanks to TI and DG for sharing their insights.

Thanks Fort, DM.

Hi mog. I can't seem to view that document. Have they announced a date for the AGM?

TIA

Can you short Motley Fool? Because if that's the quality of journalist they're hiring these days, they don't have long left.

Sean, if Barrick's CEO was playing poker, he wouldn't bother responding to a random stranger.

One of the constant themes on this BB - something I'm also guilty of - is a desperation to think that there is something else going on behind the scenes, a grand game of chess being played. In this instance I think we just need to read the email as it was written - unfortunately SOLG isn't a viable option for Barrick Gold.

The desperation on this thread is embarrassing. Some of you seriously need to get a grip. Or a job.

TI - thanks for sharing. Never underestimated the power of well written and courteous email!

Fort, Maxit advised the buyer (FMG) on the Noront transaction, not the seller. Basic stuff guys...

Fort, this open ended strategic review is putting the for sale sign up - or listing on eBay as you'd have it - without formally doing so. We have received no bids, or no bids that the board consider worth making public. The share price has cratered. Were we to put a deadline on the process, I don't see why we'd suddenly see an offer materialise. If I was one of the handful of companies with the financial means to buy Cascabel (a cash rich major miner open to copper/gold plays in South America), I wouldn't have my hand forced by SOLG setting a deadline.

It would make more sense to just sit and wait it out, see if any of my peers bid and then counter should they try and acquire the asset at a price lower than I'm willing to pay. You can be sure that the price will fall further as the deadline approaches, too.

I still think that eventually the Chinese will make a move on this , but they've had their fingers burnt at both Mirador and San Carlos-Patanza in the country. They will want all possible guarantees that the same thing isn't going to happen for a third time at Cascabel. This means:

1) Ensuring that whoever takes over from Lasso is supportive of mining and developing Cascabel - this looks very likely

2) Ensuring that all permitting is acquired (water, tailings site) and that upon those agreements being made public, there isn't pushback from local politicians or indigenous groups (as has happened at the two other mines mentioned above)

I've never really bought PFS3 as a credible path for the company - it's what caused me to sell up a few months ago as the volte face in rhetoric told me that nothing was happening until later on this year. Turns out I was only half right, as buying back in at 14p was, in hindsight, a mistake. But here we are.

Ben, what if no one bids though? The share price tanks and the Ecuadorians, keen to see this developed by all accounts, ask Solgold what it plans to do next?

He owns a huge portion of the company for an individual and DGR is struggling to keep the lights on. Not sure he or DGR need any more exposure here.

Blimey, now there's an (ice)blast from the past. One of the handful of posters on here who was able to properly analyse what are had in the ground. From memory you left to stake a chunk over at XTR (I hope you sold the spikes!).

Nice to see you back here.

Portofino, multi millionaires don't become such by throwing away £94,000 on meaningless PR exercises.