Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Bozi ,very well explained there am in total agreement with you ,this will be sold soon imho can't sit at this level ,money in the bank,no activity for much longer imho,I've filtered 1981
1981 - you clearly think you're quite bright, don't you?
Well it is you that is missing a rather large point.
Plenty of stakeholders in Cascabel have been interested in monetisation or fast-tracked development ever since the scale of the discovery became apparent 5/6 years ago. For example, CGP management made it clear they wanted an exit at a premium and we know how the Ecuadorian government would love the stimulation to their economy that production would bring.
SolGold seems incapable of delivering production this side of 2030. That suits nobody. It also pushes stakeholders towards a change of control to someone who can do what SOLG can't.
Now, consider yourself in a public auction. What tends to happen to the price of the asset before bidding starts? It drops to a level where the first bidder cannot resist the temptation any longer, and away we go.
SolGold management has been different shades of poor at various stages in recent years. But they know that the best chance of getting this sold is to dangle a carrot in front of all interested parties. That carrot is all dry and shrivelled when SolGold sits at 40p.
So,the font of all wisdom, you might want to consider that before you deride it. Otherwise I'll happily take an explanation as to why SolGold has announced zero activity at it's regional assets despite just pocketing c. £30m from Jiangxi and $50m from Osisko for Cascabel when all studies have been postponed?
Ha, the answer of a man with no answer. Sorry to embarrass you, SM, but you seem fairly eloquent, so maybe just read and think about what you post. Then you won't make claims that sound ridiculous on reflection, such as 'the board are deliberately avoiding a so rise so as to get a bid from a lower starting point, to claim victory'. The board. The actual board of a company. Face palm.
1981, not even going to bother writing out a proper response. You seem rather rattled and have misunderstood my post. Enjoy the weekend. I'll sign off with a smile like your former alias on here, you sad act :)
Sounds logical, SM- the company are trying to keep the sp down so they can sell cheaper. Do you even read the crap you post?!?
They could put out a message like the one from ALL, but for one little spanner in the works: an RNS has to be factually accurate... So you can spin things however you like on this message board, including the frankly bizarre rubbish you've just sent, but the company can't put out an RNS saying there has been interest if there hasn't.
at the very least they could explain if they have any other plan, any at all... beyond just hoping Bob can engineer monetising something for us.... any plans to restart exploration? any plans at all? what are all our staff doing?
If the company want to get the share price moving in the right direction, they could augment the merger completion RNS later this month with a statement along the lines of the one ALL released last year:
"In recent months, Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets. Canaccord Genuity Limited will assist in evaluating the merit of these enquiries."
The above would sit nicely under the heading of "Strategic Review Update" for SOLG and wake up the market to what is about to happen here.
Conversely, it might not be in the new BoD's interests to put a rocket under the share price if they are confident of only securing 45-50p. Much better story for Sangha and Caldwell to tell if they can negotiate a ~300% premium from when they essentially took over the running of the company, than a 50% one.
I certainly hope so....
OTC looks like the Chinese lack taste buds.
Only after 8pm.
Surely we've room for a wafer thin mint?
I think we've done the mints analogy to death now.
Though, I always liked those soft centred ones. What were they called? Oh yeah. Polos.
and the longer it takes for Bob to get a sale for his stale mints, the higher the chance of someone suddenly finding some newer, fresher mintier source that is now available to buy.
once told they were
I think Solgolds mints are now like the ones that people forgot about and got washed in a pair of jeans.... I mean they are still there, still kind of minty, but definitely not as fresh as they once were.... gone a bit soft now, bit musky... but Bobs going to try his best to flog em to anyone he can... but he's probably not going to get full value..... as they are maybe not as tasty as we were once to they were....
Hopefully we will all be Mint.ing it soon!
What kind of mints are these anyway Slug?
If they are Mentos, perhaps Mitsui can be our bottle of Diet Coke...
(Google if it you don't know what I'm talking about)
I think you're right actually based upon the wording of the RNS. My bad.
I can see why there is some confusion here, but I still think it's 70% of the 85% owned by SOLG. This article from the time supports that reading:
https://www.proactiveinvestors.co.uk/companies/news/167144/solgold-tells-bhp-billiton-to-buzz-off-167144.html
"but it is also proposing to sweeten the pot further by spending US$275mln to acquire 70% of SolGold’s 85% interest in Exploraciones Novomining (ENSA)".
Potato/potato - we said no regardless and they're either going to have to stump up cash to buy the lot or miss out altogether.
NitPicker, not to nitpick, but you wrote: "Actually you're wrong Quady (as usual), it was for 70% of ENSA not 70% of Solgold's 85% of ENSA"
The RNS you reference states: " An offer by BHP to earn-in to the Cascabel Project, by spending US$275 million to acquire 70% of ENSA out of SolGold's 85% interest in Exploraciones Novomining S.A (ENSA) which company currently holds the Cascabel project tenements."
So it was for 70% of the 85% of ENSA owned by SOLG.
Production? Sticky and persistent inflation is problem for Junior developers. Putting it up on sale and demanding 6-10 billion dollar will be gr8.
Agreed. Don't worry, most on here have posted before thinking before. No hard feelings :)
"Also, as an aside, I'd find it deeply, deeply weird if anyone on an anonymous message board DID hold me in as high esteem as I hold myself! Can you imagine how creepy that would be? Sends shivers."
I'd find it remarkable certainly...
Nitpicker or Slug you remain 100% wrong as usual.
First you say it was 90%.
Now your saying it was 70% of 100% of ENSA.
Solgold doesn't own 100% of ENSA.
And since the approach was made to Solgold how on earth can we sell them CGP'S share of ENSA.
Excellent decision, Sean, I hope others follow your lead come September.
And I'm not waiting on any funds to be released. I'm as 'in' here as I'm ever going to be, I'm just not as far underwater as those desperate posters hoping someone reading this board will invest a pretty penny, jack up the share price and save their bacon!
Also, as an aside, I'd find it deeply, deeply weird if anyone on an anonymous message board DID hold me in as high esteem as I hold myself! Can you imagine how creepy that would be? Sends shivers. Think before you post stuff like that, chap- I assume you sent it before thinking about what you meant. That's quite common on here, seemingly! Atb