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Thanks Quady for that information. Have a nice weekend
Really ,i thought they were in a bit of trouble financially schmeil
Earthling, I appreciate and enjoy your posts - and the value they bring - and your commitment to SolGold. (I appreciate Quady’s too). It is frustrating though when you don’t seem to realise that your tone is argumentative / provocative - which can lead to a day if arguing posts to navigate.
With respect, please can we all keep it civil. I don’t post much at all, but absorb much of the great info out there (across wide sources Including discussion on this board). I think we can all agree that much outside of RNS and company released/available news (from involved parties) is just opinion (as Quady didn’t deny) - but there is nothing wrong with having an opinion.
More importantly, most of us here hopefully want the same thing...for solgold to do well and what’s right/best for shareholders - whether that’s ultimately an alpala or company sale - or taking this to production.
When I read your posts I’m always willing you to stay calm, but I just don’t understand the moments where you let that slip. I enjoy your calm and informative posts...but not when you seem to change tone.
Again, just my ‘opinion’.
All the best everyone, enjoy the sunshine.
We can all agree that none of us pi’s know for sure how it’s going to play out and that either way, it should be a very interesting few months with regional results and PFS.
We should also find out whether Franco funding is imminent or not.
And you have a good weekend as well Earthling.
My point was as I stated, twice!
no point going over it again
Have a good weekend
Earthling did I not say all that, what's your point please.
Good afternoon addicknt, I agree that we observe NM in his presentations, and that he has consistently said he is taking this to production.
I would also say that the actions, that he has taken up to now also count as observation, or evidence.
Also I would say that the way the distribution of shares are allocated, adds to a takeover bid being harder to achieve.
The timing of appointments, when required, and the timing of the CGP offer are again evidence.
However as I have said before, I can see that your argument of a takeover, also holds water.
So the CGP takeover, BHP may want it all in Solgolds hands. ( harder to obtain CGP afterwards)
BHP may make an offer, but it will be lowball I think, maybe 60-80 pence, maybe a pound.
But I won't go into detail, as have already outlined in an earlier post today, why I don't think that holds water.
Whatever the outcome, we have an interesting year ahead, All the best.
I have given reasons many times, you just aren’t listening.
There is zero evidence for your claims, they are just opinions, like everyone else’s, which was my I initial point if you read it again.
Everyone is listening to what you are saying, many just don’t agree with you.
As has been stated in response to your reply the only evidence for your theories is NMs word.
We all know in the world of take overs game play takes place.
The Franco funding has not yet arrived, IF it does, then your position could be strengthened, although even then it could be argued this could well prompt bids to stop us going all the way.
It’s actually yourself who doesn’t listen, not me.
We will see how it plays out over the next few months.
You are clearly blindfolded in only being able to see one side of the picture.
You also underestimate the power of majors to get what they want from small players, that much is clear in your so called evidence.
Good afternoon Talatum, my understanding is at PEA stage, 10% of NPV is about right, but again if anyone knows different, please correct me.
Thanks Quady for asking. yes it is my age health so far ok fingers crossed.
£3-£4 todays valuation yet the shares are trading at 26p. that is over 90% discount to value. crazy isn't it and there is talk on this board (myself included ) of accepting 80p !! I hope there is nothing fundamental that none of us has spotted and that this is only a classic case of the eyes of the beholder cant see the beauty.
You say that you base your opinion upon the evidence we have, but the only 'evidence' to support your position are the words of NM.
We are in the realms of speculation and there are no facts to support one side of the argument or the other. It's all supposition based upon interpretation.
NM needs to say it's going to production, whether he genuinely believes it is another matter, and we currently have no way of knowing.
Sorry Talatum, I didn't answer all your question.
Yes we have the 2.7 Billion in the calculation, but that is part of the NPV valuation, or at least should be.
So 3-4 pounds is the valuation for full value today.
I cannot predict price in 5 years, as who knows what will be the state of our other discoveries, but I think we can agree, that part is also looking good.
Hello Talatum, you have more or less summed up, what I have said.
My point is no one is going to pay full price in a sell by agreement, so we are left with a hostile bid, this may well happen, but we won't get full value, or anywhere near, Only production releases value. I hope you are in good health Talatum, and you are referring to your age, in which case look after yourself.
NM has said that we will have exit points along the way, so you may get the price you are after. All the best.
Hello Earthling, also hope you are well.
Really no need to add in my opinion, as we all know that anything on these boards, are indeed our opinions.
You are still not listening to what I am saying, I neither favor a buyout or production.
I state what I believe will be the likely outcome, based on the evidence we have.
That is what makes this board interesting, is the sharing of information and peoples views.
I am neither swayed by a larger consensus or being in the minority. Sometimes my opinions are mainstream, sometimes not.
If you believe that a major, would give full value, please present, your arguments why, so that they can be held up to scrutiny, just as mine are. All the best.
I agree Talatum,
you really should end some of your posts with 'in my opinion', as some of your statements sound like facts rather than your option.
As you prefer the production route, some of your posts can seem like its already a done deal, when it isn't.
For example you state no one would pay full value, they wouldn't have to, as a bid would take into account where we are at the point of the bid, including risks take into account.
IMO I feel almost opposite to some of the stuff you post, they are not facts, just opinions, as none of us know how this will go.
Not a dig just an observation, lets be open to both sides of the coin.
Quady , what you say makes sense but a couple of observations though
So those of us ( that includes me) who may not be around till production day should pray that we don't obtain CGP!
you seem to be saying ( happy to be corrected if I misunderstood) that once we get CGP, bidder would have to pay full value up to the point that production starts to roll. Surely any pre-production value would, amongst other things, have to allow for production costs so the full value is not likely to be between £3 to 4. I will hide behind the excuse that BHP might be listening (lol) and not guess what that value might be.
Yes, I just can't see it happening, especially given the steps (v positive in my mind) announced this week.
Exactly Miagi, It's just mad. I take it, your in the mind of this EGM is never going to happen. All the best.
In fact, what they really want is the Alpala premium now. And then the Alpala premium later as well!
That's it exactly Quady, as Iceberg first suggested about a month ago, but paraphrased quite nicely:
"They want the Alpala premium now. Well bad luck, you get the Solgold shares, and get the Alpala reward, when the rest of us do. "
Greedy b strds.
Hi DBW, it's an interesting question, I believe if we obtain CGP, then going to production is even more likely, as we obtain the 7.6% shares in Solgold. Which I imagine we could keep in treasury, this would give those extra votes to the BOD.
We also own 100% of Alpala, this makes fund raising to go to production easier, but really of no consequence.
Lastly, it makes a takeover less likely because the bid would have to be full value or near to full value. If we do get a PFS valuing us over 9 billion dollars, that's a bid of 3-4 pounds a share.
No one is going to pay that, so we will not get a bid by consensus.
So we are left we a hostile bid.
Once we accept that it will be a hostile bid, you have to look at the distribution of who holds what.
So we would have 27-28 %, between NM, Solgold treasury, DGR and Tenstar.
Newcrest wont sell 13%
BHP or someone, would have to mop up a lot of other holdings to take control, I don't see that happening.
So we are left with taking this to production, and a share price higher than 4 pounds a share, when we ship our first concentrate.
I appreciate you see this going to production, but would you agree that if Solg’s offer for CGP is eventually accepted, it makes a takeover of Solgold both easier and more likely?
Exactly ByronBayGold, the offer we are making is reasonable, it values Alpala, on a basis, alongside the market cap of Solgold. They want the Alpala premium now. Well bad luck, you get the Solgold shares, and get the Alpala reward, when the rest of us do.
I do believe the Solgold offer, made our position unambiguous, as if we hadn't made the offer, someone may have made a low ball offer for CGP. No one will bid higher than us.
Why would anyone want to buy CGP for say $100m when they’re only asset of substance will be acquired for $3,5m
Their other assets are virtually worthless.
The majors are waiting for solgold to forcefully acquire CGP. Once they do, it’s game on.
We are witnessing pure desperation from CGP.