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Quady i find it hard to disagree with your views even though they are not always my own. They are largely informative and based on the information we have.
The problems is its could go many ways from here still and again that is based on the info we have and possibly the way NM wants it to be.......keep those cards close to your chest.
Be nice to have some substantial news this week.
Onwards and upwards.
Yawn good morning smickster, yes I agree , I think you are the first person who agrees with me, although mustn't discount Copperpot, yes both are possible, however I believe the more likely is the path to production. I am watching to see how the CGP story plays out. I think if we get the CGP holding, it's game over, we go to production. If someone else gets it, then who knows. However the third way is really interesting, and no one talks about it, and that is no one gets CGP. I think that is unlikely, but not impossible, The start of an interesting week.
My calc come out at 240. Just my opinion.
Redknight correct NINE DEALS DONE !!:)
I see the various sides of the arguments/discussions and I almost completely sure either side could be right lol
However if Bhp gets this cheap for £1 to £2 I'm pretty sure there will be plenty happy on this bb .
Quali / all
Bottom line is simple.
Nick is the master in returning monster money to shareholders.
Time to forget All the wishy washy discussion interesting as it is and focus on the RNS informing us of a takeover bid.
About the offer price no one knows but it will be multiples of 27p.
I expect us to creep up in price on a weekly basis until boom boom.
BHP needs to be seen as a clean nose in Ecuador therefore they would prefer to pay a premium for a solgold 100 % Owned ENSA rather than chase a discount and get in a dog fight with plebs like CGP whom are prepared to publicly and disgracefully drag people through the mud
I would like to think you are right, but no one is bigger than the market. At the moment the market is saying it’s not going to happen.
£1.50 assumes a major discovery at Porvenir and/or other prospects, as well as an NPV of c$8.5-9bn after PFS - aka After 30/9/20.
Right now we are valued at 13% of NPV of the current published NPV of $4.3bn. FV should be c 20% as things stand, so around 40p.
When this doubles (and it will) And funding is sorted that 20% becomes 40% = £1 a share. Add in a discovery and BHP lock-in ending, are you telling me a company with 23m Oz of Gold, 92m Oz of silver won’t be sold for £3.4bn?
Look at BHP’s track record of bids, and look at NM’s track record of selling companies. It’s what he does best.
Please reread my statement...
I said Solgold doesn't get a mention on the DGR Global on the front foot..." slide...
on the slide "DGR Global is on the front foot of the Exploration Industry, Solgold doesn't get a mention...at all
Do you really think I'm that dumb!
Solgold mentions throughout the DGR slide deck. Check your facts
Redknight - "Solgold doesn't get a mention...at all." Just had a squiz through and SOLG most definitely does get mentioned.
Phattrader, if it’s so clear cut that we will get over a pound or £1.50, why is the sp stuck below 27p? Takeovers rarely go for twice vwap over any extended period. Unless of course we have a vaccine as well copper, gold and silver....
And on the slide "DGR Global is on the front foot of the Exploration Industry, Solgold doesn't get a mention...at all...and copper/gold get very little mention in the presentation as a whole...
And....Brian Moller is on the 4 man DGR Board; Karl Shobolm and Priy Jayasuriya are respectively Company Secretary and CFO of BOTH...
Good answer quady. I will cut you some slack in future!
DGR Company Overview:
DGR GLOBAL (ASX: DGR) is not just another resources company. DGR Global is a resource company creator.
Our project generation, strategic tenure acquisition, corporate development and investment capabilities provide diversity across several different commodities, sovereign jurisdictions and international financial exchanges. With our group of talented geoscientists, we focus on identifying and securing projects that will yield valuable world-class resource assets.
The world has seven billion people, four billion of them are still urbanising and we are all heading toward electrification. The world needs to find more gas, copper and lithium.
DGR is focussed on an inter-generational, global search for tier one resource projects that will address booming global demand for these commodities. In addition to the current publicly listed creations, DGR has a number of pipeline projects which are still in early exploration phases - more information on these here.
DGR has also secured the majority interest (83.18%) in Armour Uganda, which owns a highly prospective oil investment in the Kanywataba Block in the Albertine Graben, Uganda.
DGR’s five strategic publicly listed creations cover a wide range of heavily demanded commodities such as copper, gold, lithium, cobalt, nickel, tin, oil, gas, iron ore and bauxite. These companies were all created, seeded and floated by DGR.
Solgold, Armour Energyt, Ironridge Resources, Austin, Dark Horse Resources
And from their latest presentation:
"Track record (Nick Mather has had 9 companies taken-over and counting)"
My case rests...
Redknight, this is his swan song, his legacy. I would put the chances of him finding another set of projects like those that SOLG have as almost zero. As has been said in numerous presentations, the Tier 1 project that SOLG has plus it's pipeline of projects is unrivalled, globally. There is so much excitement to be had from SOLG's other concessions, why on earth would you want to be anywhere else (family considerations aside). I think it's in NM's blood. I would imagine his team are similarly infected, and it's why I think there's a good chance (if NM pulls off the funding) that we'll see the return of Craig Jones (where else is he going to get such a geological fix?!).
Don't forget he's got DGR and a takeover of SOLG at a high price would give him a big slug of m one to develop his OZ based empire for the rest of his career, including looking for the next SOLG...
You don't need a calculus for the bid, because it would be the ultimate value that the ACQUIRER places on SOLG, NOT NM's value, unless the two converge or the shareholders accept NM's defence.
There are far more factors involved in the a=cquirer's valuation; they have their own strategy and rationalisation for how SOLG would enhance/complement their existing portfolio/develop[ing strategy, especially if it includes a strategic foothaold in Ecuador...
A hostile takeover bid occurs when an entity attempts to take control of a firm without the consent or cooperation of the target company's board of directors. In lieu of the target company's board approval, the would-be acquirer may then issue a tender offer, employ a proxy fight, or attempt to buy the necessary company stock in the open market.
When a company, an investor, or a group of investors makes a tender offer to purchase the shares of another company at a premium above the current market value, the board of directors might reject the offer. The acquiring company can take that offer directly to the shareholders, who may choose to accept it if it is at a sufficient premium to market value or if they are unhappy with current management.
If the prospective acquirer were to approach the SOLG Board direct they would IMO be wasting their time unless it was a 'blockbuster' bid, in keeping with NM's own valuation of SOLG in its present state.
So there seems little point in going to the company first, if you're serious in intent.
That does mean, however, that the opening bid of such a company would have to be at a level to be taken seriously by major shareholders and private investors. IMO that would need to be a min mum of 80p and probably at least £1 to have a realistic chance of success.
The time to do it would undoubtedly be before the PFS, because the latter would give the SOLG Board the ammunition to rebut the bid. However, the work they are doing for the PFS could be accelerated in order to validate a bid defence.
There would then be four possible outcomes:
The 'non Board' shareholders accept the initial bid (unlikely);
The acquirer comes back with a higher 'knockout' bid;
The bid is rejected;
There is a counter from e.g. 'friendly' bidder, i.e. BHP, with a role for NM/the SOLG Board...
AIMHO as usual...
Let’s not forget - The worlds top companies require Copper and they require Gold.
Also we have 92m OZ of silver. If the Silver price rises to make the Gold to Silver ratio 46 or less (highly probable), that’s like an extra 1m OZ gold (excluding the previous price of $16 in the PEA).
We are the best company in the world to take over. We will get a premium for our other sites above £1/share for Alpala. How much depends on the massive results due out of Porvenir. I expect NM will accept £1.50 minimum.
Enough from me now, GLA. We need news this week.
Zoros - I read all options on here some are close to the mark IMO others are light years away - you’re out by Pluto IMO DYOR
Redknight, "I still believe NM will not take this to production...its 5 years away...that is a long time and a lot of hard work at his age"
Don't under-estimate this guy's tenacity. He's previously stated, in the not too distant past, that he'll be doing this sort of thing until he drops.