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Spot on BarryLad. That's my thinking as well
Why would BHP agree to an extended Standstill Agreement of two years? Yes, two years. That's how keen BHP is that it would agree to Mather's demands that they remain silent on any SOLG issue.
My personal opinion of why there’s no other bids.... if it’s highly likely BHP will bid after their agreement is over surely you would wait to see their hand before embarrassing yourself? They’re the big boys after all. Why spend resources getting a bid together knowing BHP possibly have one ready? Just wait and see if you’re still interested after seeing BHPs offer.
Just my opinion of course.
ATB
Covgaz, yes they are waiting for BHP. No one in their right mind would bid before BHP have revealed their intentions. And neither would CGP sell before BHP approach them.
Conditional financing package will force their hand, and others will likely appear.
No doubt the outline of those terms has been defined.
Q4 will be exciting...
You ask why would BHP bid?
Have you lost the plot?
Ermmmmm? Let me think, oh I know, maybe because they want the asset and don’t have a habit of just owning 13%
*knell
A total conditional financing package would be the death toll for BHP's ambitions. NM has intimated Q4 - BHP will know that the clock is ticking and fast. Tickety tock.
Personally I can't see BHP going to the calendar , realising it's Oct 15th , then remembering they can now bid for SOLG and will put the bid in by 4.30pm. It ain't gonna happen. And as Quady keeps harping on , why no other bids? Are they too waiting for BHP to look at the calendar?
Schlemiel, let me set you a thought experiment.
Let's say you are right, and I am wrong. You need to explain why no one has bid for Alpala, up till now.
Saying people are waiting for BHP to be released makes no sense.
I say the reason is, they know that they would have to pay full value or close to it, as Solgold can be successfully defended. Now ask yourself, in those circumstances why would BHP bid ?
Mate, it's not about building a mine, it's about having ownership and control of the asset which then delivers the income and profits to the owner of the licence. BHP want control of Alpala because they want its reserves, its income and its profits. They don't want to be a shareholder of SOLG. Why can't you see that?
Anyway, let the future take its course
addicknt, we own it when it's built. At the moment it's owned by ENSA. We have deadlines to meet, and if the license expires before we get the studies out, we lose it, and if we fail to build it, in the required time, again the license expires and we lose it.
Sorry Schlemiel, building a mine isn't complex. Designing a system to map the oceans seabed, building a system to map the universe in a state of constant flux. Biometrics, and DNA sequencing designs. But not building a mine. Building a mine is a standard high level design, where changes to the standard design, would be in the incorporated low level design. It is not rocket science. I don't know why people pretend it is. Maybe it suits their agenda.
Quady, OMG! I had no idea we didn't own Alpala! Thank god you've enlightened me!
I'll be selling tomorrow.
And BHP and Newcrest sit around scratching their fat, experienced, hairy miners asses while Mather who's never overseen the building of a mine in his entire life constructs this most complicated of engineering challenges?
And BHP who desperately wants to get its hands on Cascabel watches from the sidelines as someone else builds a mine they themselves should be owning, building and operating.
SOLG to mining doesn't add up cos it ignores the presence of BHP and Newcrest who have no interest in being a SOLG shareholder..they're miners. I'll say that again. THEY ARE MINERS.The want OWNERSHIP and OPERATOR-SHIP
We are on another downer run atm.....YET, looking at the half full glass (as I often do....)
Another topup is on the cards for moi....
GLA.
Earthling, you really do take the biscuit, what reason would I have to lie.
I already said I couldn't lay my hands on it. Your statement is idiotic.
When will we see you post again under your other infestonym of Covgaz eh Zzzzzzzoros?
in other words you don't have the evidence re mining minister saying no one could build this faster than SOLG, the mining minister wouldn't say such a thing
wrong again
I think this BB should move on to Dave.....
Hi rcgl2, sure NCM expertise has been discussed, and dare say, they may have a team, capable of producing high level, and low level design documents. I would guess the rest are hired in, when they build. Solgold can do the same. we just require the right people, who are on the open market.
I don't have a view one way or the other as to who would build it the fastest, but purely for the sake of discussion, in what way are Newcrest block caving experts then if the ability to build such a mine can just be bought in by a company that has no experience of mining at all? NCM's block caving expertise has been much discussed. Surely this must convey some advantage when it comes to actually delivering a fully functional block caved mine?
I agree Colonel, excellent post Iceberg, as I have said on a couple occasions, how Solgold would build this. They would hire the key individuals, they would hire their teams and then they would hire the engineers, and build this mine, the same as any mine is built.
Earthling, like me, I guess you listen to the presentations, I am not going to go through every presentation.
You have accused me of a whole lot of things, and you have been wrong on every count, this is just another one.
Why would I make up such a thing, I am sure others remember it.
I think you are trying to equal Swazers record of being 100% wrong.
Quady, I’m afraid it’s you now making things up, show us the quote from mining minister saying ‘no body can build this faster than SOLG’?
Good post iceburg.