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Hi all.
Ok. If there are no bids we go to PRODUCTION.
If there are bids, I propose that the nearest to the sale price buys the first round.
May I start the price at £40 a share.
I know, I'm a tight git, but I'm not buying!!!!!!
LOL
Come on chaps we need to chill out its Sunday.
PFS will be late i think , waiting for drill results , don,t think any bids will come in until PFS is out there.
Only bids over £2 would be taken seriously or we go to production . Which ever way it goes we make money. :)
Fine carry on then
You’re close to me giving you some home truths about yourself
I mean Oh dear
Oh fear Earthling, I was going to take you up on your truce, but you really are an arse.
Hi BN.c
Just been for a lovely walk in the glorious warm sunshine.
Hope you and all here are enjoying their weekends.
Why the big disagreements?
In the words of Del Boy, Kay charade, charade. Whatever will be Rodney.
Now he’s telling people what they can share!
Good grief, he talks of clogging the board for years, people repeating the same stuff??
He needs to start getting reported
What am I on about lol?? Really? You have clogged up the board with your obstinate blinkers and wonder why people get aggro?
Good grief allthatguff, what the hell are you on about, did you read Schlemiels post in the last couple of days, and there have been more over the years, I have been here.
Also, like some, you have misunderstood me, I have never said, that Solgold won't be sold, I just support the most likely outcome, which is the line, the company is taking, to achieve full value.
grey ere Newtoit
On to other news.
It's sunny where I am.
LOL
Both sides of the opinions may be correct.
Time will tell.
GLA
And the company has said it vulnerable to take over.
Pack it in Quady. Yours is just one OPINION.
This is a difficult post, and I am not saying this is true of you DartFrog.
While I would say, that every investor is responsible for their investments, unless they are fraudulently sold.
I have noticed over the years, that a fair number of older investors, have invested a large amount of their portfolio in this share.
I don't feel that the constant ramping of an imminent takeover, practically every week for the past 7 years has helped, this situation.
Please could I ask people with the opinion, that this would be taken over at any minute, with a premium, to refrain, and to point out, that this may go to production, thus giving a more realistic outlook, for people who are new to this board, as their is a lot of resentment I feel, even though the company, has been consistent in saying they will take this to production. Many thanks.
I would add, I would prefer to hold to production, not of Alpala but Porvenir at least. I might be dead by then, being almost 73 now, but I see it as being the only way to achieve "full value". At least my family would be able to reap the rewards, and might, perhaps, give me a big ornate headstone - ugh! However, if we get taken out earlier, sobeit, and I will have to find somewhere else to invest my pennies!
Frog
Re Quday, I’ve given a solution, stop mentioning me in his posts then we don’t need to communicate with each other
Watch this space from now and see whether he can do that or not
Doesn’t have to be a low ball offer.
I think there are many share holders who accept 50p, however I think a bid would be higher then that, as it would only start a bidding war and risk or losing it to someone else.
All things considered, especially jurisdiction, I think at this point following PFS, an offer around 80-100p would be acceptable.
We will obviously have to wait and see, my point was that our diverse book is not a reason why bods won’t happen as two of those mainstream holders could be the ones doing the Bidding and already own over 25%, 45% if you include CGP, so yes it doesn’t take many pi’s to take it over the line.
I’m not saying the small number of posters on here could be taken as a general feeling but the survey on here was about 10 to 1 against going to production.
Earthling - I hear what you say, if BHP, NCM and CGP get together somehow, e.g. allowing one to buy the others' holdings of Solgold, then, with the help of pi's, they might scrape over the line. However, I don't think most pi's would accept a low ball offer of around 50p even if they do want a take over; £1+ and it might be a different story. In most take-overs I have experience of, most pi's sit on the fence and do nothing and accept whatever is the outcome. It may be different with small exploration companies, I don't really know as I am fairly new to this game. I have been buy and selling shares since 1974, but have tended to go for larger companies.
Basically both you and Quady are correct, but you should both accept the other's view, please!
Frog
flippin eck is this argument still going on???
of course there's little surprise to see a certain posters involved..........
argh well - what'll be will be, latest presentation seemed pretty darned clear to me from NM's comments - he intends to take this all the way to production - fk cornerstone and those pr-ix WI, BS & C.............
have a pleasant sunday folks
atvb
BN.c
The only person, who persists with insults is you earthling, to answer your question, which has been answered so many times, is yes NM is correct as this is dangerously low, meaning that could invite bids.
However it would be defended.
You have never given a calculation on how this could be taken over, the only credible takeover scenario I have seen on this board, is from addicknt, but you disagree with that as well, as you recently posted, that you would take 60 pence.
Hi Miagi,
I agree with you there, as usual Quady doesn't listen because he has switched off his ability to do so. Instead he just uses insults.
My point was if BHP and NCM make a bid, it could also include a bid for CGP's share at the same time, which CGP will no doubt accept, hence why I suggested BHP. NCM and CGP may all be on the same side with regard to getting rid of the current ownership.
I do understand they could leave CGP out and let that play its course until they still need to pay their share, however I think the majors will just be done with it and buy CGP or their share of Cascabel and be done with them to get 100% (which eve majors where to make bids)
The figures with regard to take over options have been given many times, Quady has just refused to accept them, gets frustrated and starts name calling or being rude or insulting.
With regard to diverse book, my point was as NCM and BHP already own about 25% between them, if CGP where to vote in their favour, then it doesn't take a genius to work out that with enough pi's also onside then a take over could get over the line.
Again, not sure which bit of this he fails to see, but I'm done with that guy.
I agree that a full conditional finance package could hinder this for BHP and NCM, but his other point of more dilution and getting another major on board would increase the chances of majors owning this in the end, in my view.
NM has said many times we are dangerously low for a take over, in this instance Quady didn't answer the question re does he think he's lying or not, which he asks the rest of us frequently when we don't think we will be able to go to production.
Even his new buddy on here told him he didn't believe NM, but he let that go.
For me I've never inferred Nm is not telling the truth re going to production, my point was just becasue he wants to does not mean to will happen.
Quady, to get stop our squabbling on here, its simple, from now don't mention me in your posts , then there will be no need for me to respond to your insults.
Good morning Miagi, I watched Earthling's post last night, and asked him for the 3 calculations. As I also did the maths.
It's complete nonsense.
Referring to the interview that Earthling posted last night (https://youtu.be/_tDA5Do9lKE).
He talks about the SOLG offer in terms of other takeovers ($1.7/lb versus $7/lb), but he is either trying to deliberately mislead with this or he is genuinely ignorant. This is not a typical takeover, because the predator (SOLG) is a takeover target itself. He's living in cuckoo land if he thinks CGP are going to get paid $7/lb by SOLG and then enjoy a second $7/lb on their new SOLG shares a couple of months later! If it were BHP doing the buying then sure, the $7 applies, but they are not. So, why even mention it, as the argument does not hold water. Mentioning the price at which Maxit swapped is just desperate, as is mentioning the price BHP bought into SOLG. The only valuation statement of substance is when he says the current offer would see them holding 15% of Alpala versus he current 21% - against that reduction you have to weigh the reduction in financing risk, $55m odd debt wiped and an 8% increase in their ownership of the regionals - reasonably fair all in all.