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We will see DBW, I guess we can agree next news is PEA for Porvenir and updated PFS for Alpala.
It’s not just about how much for everyone, timescale just as important for many ….. clearly not slicing up the pie and somehow getting this to production would have eventually yielded the greatest returns.
Personally I believe a bid will come from left field and then the fun will start . I’ve found this story both fascinating and infuriating at the same time but I feel it’s pretty much run its course now …..
DBW I would like to think you are correct.
However typically you get
10% of NPV at PEA.
30% of NPV at PFS.
40-50% of NPV at DFS.
So, 50% of the NPV won't even get us 80p or £1.
and we have to go to DFS to stand a chance of getting that.
Yet if we go to production, we could be at a premium to NPV and we will be valued on NAV.
That makes your £1 figure look ridiculously cheap.
Now ask yourself what scenario gets the best return for shareholders.
Q…. They may not overpay….. but what would you call say 80p-£1…. Many would say that’s still cheap for the whole shooting match but many might take it now ?
Surely Sangha, Singh, Irwin, Mather must have agreed a number that’s brought everyone to the table …. But what’s the magic number?
DBW, BHP will not make an offer nor will NCM if they cannot get us cheap, they will sit back with their holdings and let us take it to production.
They will not overpay, and they will use their holdings along with others to block bids they don't approve of.
Remember if anyone else makes a bid, then BHP, NCM, DGR, Tenstar, Nick Mather and Quady have to say yes, as between us we hold a significant number of shares.
PS: The Quady bit was tongue in cheek.
Added to that they clearly hoped we’d run out of money and come crawling for some cheap dilution …. They wanted this for nothing so yes, if at anytime BHP make any kind of decent offer it will be a situation they have been forced into not their desired outcome.
Fine so say for instance someone offers 40p for Solgold…. You honestly believe they’d watch it disappear for peanuts … or is it more likely they’d be forced to counter bid ?
You might be right and I guess we’ll find out soon enough
No, not selling. Range of outcomes possible here, but maintain that the 'BHP will have to put up or shut up' mantra repeated so often on here is total rubbish. Deepest pockets in the industry don't get forced into anything, simple as that. Even without any new copper assets, BHP have plenty of cash generating ventures to keep their div-hungry holders happy :)
Stack ….. already outsmarted Henry once ….. I actually believe the Oz deal makes a move for Solgold more likely ….. if you believe they’re bluffing I assume you’ll be selling up pretty sharpish ?
So Mike mentions a toehold in Solgold as an alternative to M&A. Interesting. No appetite to buy out Solgold, even at price based on 20 week. Hope that Maxit fella's unsubstantiated bluster doesn't turn out to be the bluff I currently assume it is.
Novice . ONWARDS AND UPWARDS GLA
Not sure and fast and stupid but definitely dozy and desperate.
When you are gambling like he is it’s no wonder he posts silly comments…..
Dare I say it again this morning but bbbooooommmm ! We should definitely close the coming week above 30p
ONWARDS AND UPWARDS!!!
Seanhunter is on the fast and stupid side.
He is unable to understand the tweet.
Ask yourself how can you get BHP and NCM to sell their holdings in Solgold cheap along with DGR and Nicks holdings.
You can't, but that is what is required for a sale.
I suspect we carry on to the next stage which is DFS.
Sean, you wouldn't be implying that a certain poster who has been relentlessly advocating production is slow and stupid are you?:)
Suddenly, Bob Sangha who is my fellow Canadian, is now my hero and Guru!!
"Fast and smart or slow and stupid" option according to that tweet.
In other words, sell or try to go into production.
Proud to be on the fast and smart side of the argument.
covgaz, after all we've been through why do you have less confidence now? Recent events have shown us the way forward, so it seems strange that you are feeling more exposed.
https://twitter.com/burggrabenh/status/1593743261776154625?s=46&t=VZocl-Z33lo4a4M3oCNVLQ
Why not Z?
Covgaz - no-one cares.
Z
Addicknt crazy
Anyway enough on this subject, I am amazed at how many people are unaware how to trade and tell me I don't know what I am talking about.
You can look this stuff up for yourself.
Goodnight everyone.
Sorry Not2sure what complex code. A child could do this.
You pay a monthly fee for a platform, around 10-15 pounds a month.
You get a GUI.
You put in the company ticker, the number of shares you want to sell or buy and your target price.
These people will not only do this for Solgold but other companies as well. So if they make 20 or 30 pounds a trade after costs, they are happy Bunnie's.
AROK1975, please don't join the nutters on here.
Why on earth would anyone manipulate the Solgold price.
Just look at the volume.
We don't even get 10 million shares a day traded.
That would only be 1.82 million pounds a day.
Who on earth would do that.
Do you really believe BlackRock or any other company would bother.
Manipulation is easy to spot. Look at various tables for example shorting table's show you which companies are being shorted and number of shares shorted.
Look at level two. This shows the blocks of shares that are available.
No one is bothered with us.
If they were the price would be a lot higher, as a large percentage of shares are held and won't appear on the open market.
Don't listen to the likes of Redknight or ColonelDrake.
They really don't understand trades.
Good luck.
Hi Q yes I have read quite a lot about algo trading and the proportion of automated trades is said to be as high as 80% and rising in the USA but of course it is the ability of the human programmer that is inputting the complex code that now keeps them one step ahead of the next trader..there is always going to be someone quicker and smarter and indeed in every walk of life !! But enough said we will just have to wait to see how it all pans out