Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
James, no I wouldn’t. I am not expecting a bid from anyone in the short to medium term. Of course one could come from NM but I think they will more likely be a seller than a buyer of Havieron/Telfer.
With NC it was always different. A badly managed company at the top, whether that be the bully SB, or the totally out of her depth Sherry Duhe or a board who were/are totally disinterested. Alistair Clayton summed them up very well recently.
I expect (and maybe understood) that NC was being shopped around every major gold miner in the world when their sp got into the low teens.
There will be a few glasses raised in Subiaco when NC finally disappears.
MH01, I dont think it was that unexpected at all.
i think you two had better name all your mates, as one of them might just be the other one! Will we be invited to the reunion?
My guess is we don’t have an extradition treaty with Monaco….
Hopefully he lost a load of money with Richmond RFC….
Addicknt, I used to deal with Charlie Vincent when he was at a previous company. It didnt end well. He has a lot of history. Not all rogues at Winchester. I had a lot of time for Chris Smith. Not in touch with them anymore. Thankfully.
Monty, I would be interested to know what you think of Alistair Macleod? I have always thought his views have made a lot of sense and well explained in his weekly GoldMoney newsletter. He is VERY bearish the dollar. Tweets often and interviewed regularly.
Somewhat different to Andrew Maguire who, because he mangles his English so much and talks in riddles, is very difficult to understand.
Apologies to addicknt and the Colonel for the late reply. Lost internet till now.
No, colonel I haven’t seen an asset like Alpala, but if Solgold was to be taken over for say 80-100p, I just think the stock wouldn’t have gone to 13 and would be trading at at least 40p by now. But it isn’t. If it does in the next few weeks then we know something is going on, but the max I think would be up to double the sp at the time. I still have a load of these shares, so I hope that you are right and I am wrong.
Addicknt, I know we have discussed the quality of various assets privately, so you know my opinion on that. Given that Solgold is for sale, I don’t think we can compare the relative merits of the two companies. Ggp isn’t for sale, though it may get sold at some stage. Ggp will grow steadily as it has been doing and Solgold has retired its drilling campaign to focus on the exit.
A more interesting discussion might be whether large corporate holders will get a higher price than a company with a mainly PI investor base?
As for the colonels analysis of Ggp, the less said the better. Hopelessly clueless. I will leave it at that.
Sadly for us investors 1981 is a lot more right than wrong. Initial bids are rarely multiples of the current sp. I think it has happened a few times in tech stocks and occasionally where the founder is still the dominant shareholder. I can’t recall it ever happening to a mining stock. 30-50p is probably where this will be taken out.
I do think it would be fun if Bob told the Chinese that if they buy in the market and get to 29.99%, he will recommend the deal at the highest price they pay. It won’t happen but would be fun to see what that price would be. Probably less than 50p would be my guess.
Thank you.
Dip, maybe he was pointing out that quarterlies happen four times a year? :-)
Has anyone been able to see an active quote anywhere? Obviously HL dont show one, but nor can I find one on my iphone and their website just seems to have a static quote of 33c, which I am assuming is out of date.
When was the last time that Newcrest did a webcast and conference call for their quarterly? I cant recall one.
MH11, I think you are spot on.
RTC. It was public knowledge.
And he said tens of thousands, to be fair.
Simple maths Freddie. There aren’t tens of thousands on this board.
Tig, you have made an enormous assumption that for some reason you think you or the email ‘represents’ tens of thousands of others. It doesn’t and it’s completely wrong for you to say that.
It certainly doesn’t represent any of my shareholding for starters.
Did you really want everyone to know your name and home phone number?
I think you should delete the post asap.
Probably cross Glen and Rio off the short list, though might make a nice poison pill for Teck?
Tigger, no I am certainly not. What I am saying is a) we should trust in the management of GGP (otherwise why own the shares in the first place?) to take actions that are in the long term interest of GGP - and therefore its shareholders and b) you had plenty of opportunity to put your case only three weeks ago, to Shaun in person. I doubt much has changed since then.
If its routine matters, then you will get that information twice a year.
To me you seem to be keen to get some good news to stabilise the sp in the short term and happy to put at risk the long term plan. I am completely the opposite in my view.
Shaun is better than most in communication. We are spoilt. To want more is hardly fair on the man.
Sorry Tig, I completely disagree. But you have a right to that opinion, as I have to mine.
Tigger, Dip is absolutely correct in what he says, as per normal. But if you think otherwise and want an mre out now, so as to force ggp to pay more for the other 70%, you could have asked Shaun only three weeks ago, when he was in London, talking to you…