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Cashed my jar of threepenny bits to buy 50k more at 9.0358...
Redknight.
I refer you to my post.
Naming posters who are ruining this board.
You have got to be on the spectrum
I’ve a handful of groats, but not cashing them in.
This forum turned up to be ridiculously sad 😔.....I used to be an avid follower,not anymore as it turned up highly toxicated.....
Grow up guys 👦 surely much more to life other than pointless tit for tat insults.
A sure sign the share price will continue to fall is when Redknight proclaims to have just topped up…
At some points news will pop up and we will go back to the best versions of ourselves, talking rubbish about boats and fast cars, which was so criticized but turned up to be better than what came afterwards from the recently appeared posters.
Rejoice, we know the same nothing we knew in December or last year, and we still need to wait until something out of our control finally takes us out of our misery.
GLA
Ok.. let’s play a game until we get there….
What’s the lowest you you want/expect before you sell your positions?
120p
Orthern
I guess the question is subjective.
We’ll probably end up with what we’re given as not many will exit now before this is over one way or another. The only time I can see a sell off now is on a major spike with no news to back it up.
I think 50-60p for Cascabel and hope there’s more than one interested party then it could become interesting. Can’t see it going for much less than that. I’d be disappointed in the 30-40p region after so long but wouldn’t be the end of the world.
We’ll have to wait and see …..
I would be relieved at 25p, and would enjoy the gravy for anything higher.
Fair value is much higher but if it was achievable we would have probably already seen the buyer come forward.
@Otherncopper, your turn.
I agree .. few years ago I assumed 50-60p was easily possible.
However today anything over 30p would see me happily sell up and exit this share.. but I have a horrible feeling we may not see 30p unless it’s sale of the whole lot.. and it would take competing bidders to get it over 40p.
"the buyer..."?
Do you think there will only be one...?
Newmont, BHP and Jiangxi not selling...
Six serious site visits...20 plus in the data room...
What are you expecting? A fire sale...?
PFS3 will be very revealing...if I were a serious buyer I might jump the gun...
You're not even a serious human though, Red.
20+ in the data room , and not one has seen anything to make a bid? Maybe they've all left? I doubt there is even 5 in there.
“Six serious site visits...20 plus in the data room... “. If I’m walking past the estate agent, and I stop and glance at the pictures step inside for a minute for a closer look.. then quickly leave after not liking what I read… technically the agent can say they have had prospective buyers showing interest..
Only looking at Alpala MRE3 you have 14 MT CuEq in the mineral resource.
1 ton = 2204 pounds of copper. Currently 3 billion shares outstanding.
Back of the envelope calculation gives about 8p for each cent paid per pound of copper in the ground. Historical M&A figures indicate 6c paid. So with current amount of share that would value Alpala at 48p per share. Throw in some of the regionals and this should go for 50+ p with current numbers of shares. Unfortunately there is a risk of further dilution.
Evening snowman, we are updating the MRE to produce MRE4, which I imagine will form the basis of PFS3.
I’ll add my two-pence worth:
In my humble experience, small cap shares very rarely deliver the decent share price that medium to longer term investors hope for along the way.
In my own case (many other shares included), I’ve probably (currently) lost around 70% of my money. It’s just a guess of course. I’ve had big winners too.
I got into learning charting from 2012 onwards and had some good success.
But small-cap share investing must be seen as a bet - most surely as going into a betting shop. You can educate yourself through research into the company but you can’t know what’s coming down the line.
At the end of the day, in my opinion, the only real winners over the long term in such companies, are most often, the board of directors via their annual remuneration packages ( sizeable imv) !
SharketMare, let's hope MRE4 even has more CuEq :-)
I've said 56p for years.
I think that's decidedly reasonable and am sticking with it.
Although 17p wouldn't be bad at the moment!
There's 'valuation' and then there's an entire provence country entry for a major with 50 years+ mileage in it or more. So at end of the day, valuation always a a good benchmark but guess we'll find out what the real value is when you see the first and the final winning bid.
If the Chinese think they can bang in a 56p offer and BHP et al will just say.. yeah... all yours. Then I think some will be surprised. BHP may well have moved on and no longer interested in SOLG.. or they could be gagging for it and just waiting for the starter gun.
One thing I am sure of is that Tier1 mines don't go for less than market benchmark rates with country risk factors thrown in etc etc. So with SOLG... the upside is all about how much someone wants the lot. How badly do they want it. 56p could soon be 76p or 96p if a few come out of the shadows after opening bid is tabled/
Got to start somewhere. They key is to getting those on the sidelines ... off the sidelines and a bid war happening. No one will make a move until someone or all sees someone else looking like getting it for a song.
I think final winning price will be in the 70's or 80's if BHP and Chinese go slug to slug.
Oh dear indeed, I guess when we all invested we didnt take this into consideration and if it escalates then this country will soon become uninvestable to the big nationals. Here's hoping Noboa and co can stamp on this terrorism pronto otherwise the current 8p will soon be a mere distant memory
https://www.bbc.co.uk/news/world-latin-america-67930452
The chaos on Ecuador TV right now is not doing the countries stability reputation any good….