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Spot on Sharket
Message loud and clear
Absolutely people should vote for the current BoD if that's what they think is best for the company. No arguments there.
Hi Josepi
Didn't actually mean you: I don't believe red has been successful in convincing anyone (most investors are capable of their own research and wouldn't trust a backwater message board). But I think this role helps explain some of his repetitive posts. He's determined, if ineffectual.
But they aren't unsubstantiated. From the recent DGR release:
"There is a strong risk that the removal of any of the current
Board members and or blocking of SolGold’s standard UK corporate financing
resolutions would limit SolGold’s financing flexibility. There is a risk that this may lead
to a creeping takeover rather than a bid by which all shareholders would benefit."
The message here is vote for all the directors and resolutions at the AGM so that the way can be paved for a takeover. I am not sure on this last point, but I did wonder whether the BoD wanted the right to issue more stock so that they can print X number of shares to get a takeover across the line?
Keep my name out of your mouth mathers I'm invested...
The message is loud and clear... as per DGR release and Sangha's comments. All seem pretty aligned to me.
It's all about 'exploration' and not about 'development'.
SOLG may well end going lock stock and barrel, but I think the goal here is already being messaged to shareholders... eg... we want to try and rinse and repeat the success of the Alpala exploration. So expect exploration to continue across folio while ENSA is sold off. How that happens is 'details' and we'll know in good time. But I get the feeling the main goal from the SR is NOT to sell the entire business. But to sell ENSA and retain the bulk of the exploration folio. I agree with this to some extent as the latter will likely go to the buyer for free and there's huge value (potentially) in those 50 to 60 odd licences which are rare in Ecuador and some in non tree-hugger areas. But I think we'll see a slimmed down exploration folio in future.
Note... 'generate shareholder value'... through the licence blocks that have significant potential. So not all 60 licences... but a select few. So again, I'm guessing here but the likelihood of relinquishing some blocks is inevitable so that will come or they will be shoe-d into the ENSA sale. So definitely some 'subsidiary' chess to be played post merger.
Scott Caldwell, Interim CEO of SolGold, commented:
"....accelerate exploration opportunities that hold the most significant potential to generate shareholder value." END.
stackhigh,
Im not influenced by any posters here....
I've been in and out of here since the 2p days....This is the best share I have invested in over the years by a country mile.
good luck
Totally ignore SH, has very similar posts as MR would post when first on here.
Anyway I take comfort in now having two take off agreements which naturally mean they believe in Solgolds future, one way or the other it’s a positive
Atb
Guessing this is me. Turn that argument round to the original reason I posted- bold and unsubstantiated claims about an imminent bid are potentially disruptive to any new potential investor's strategy.
And I don't know why the share price gets a mention. Yes, it alters our ability to raise finance, but what has the share price got to do with any dose of realism posted on this board? For the umpteenth time: people posting here do not change the share price!!
I've got it! There was a tv comedy/drama in the UK a few years back called 'Hustle', where a team of con artists tried to defraud people. They had a 'roper' who made bold claims about a potential investment to lure in the mark, but then they always needed a 'convincer'- another person in on the con to invest and lend it legitimacy. I think red might be trying to be the convincer? That would explain the claims of frequent investments, and the repeated highlighting of other people buying. It's transparent, and desperate, but explains a lot.
It may pop before christmas it may not.......
This company is worth more than 18.5p ! The shenanigans with the Majors will be resolved eventually.
Will sit back now and watch this unfold.
I'v just filtered the most obvious paid disrupter on this forum. His negativity is totally false and presence on this forum quite recent.
Posters must realise the damage such posting impacts the sp and some new to investing get caught up with it.
The sp has a direct impact on the Company's ability to raise capital and when dealing with an investment opportunity like solg is criminal.
Of course this sort of interference has been part of the world of investment dealings for ever but that does not make it right, such misinformation leads to undervaluation and robs real investors of the true value of their holdings.
Well done! I hope you get a quick double bubble...or much much more...
Yes Redknight.
106,959
I think the uncertainty over how the AGM is going to play out is what is holding us back at the moment. Given the comms from the company and DGR, it's going to be a very close run thing.
This is why I find it very difficult to square sjn and his friends voting against the re-election of Mather, Twigger and Clare, as if we (i.e. PIs, CGP, Mather, Berry St) etc. lose control of the boardroom, I think there is a real risk of this tanking. Conversely, if they've got the numbers, remain in post and pass the other funding related resolutions, I think we rally, strongly.
That your 106959 Josepi...?
Market pretty hungry for early doors...already bid for 500k at 18.37 vs the Quote of 18.36...
This is going to blow...
Just added another £20K worth here .......
This is brewing pre AGM
Hi Mog, that's the one! Thank you!
Reading this again I feel like it describes a lot of what Mather has tried to do with Solg. In my opinion it explains a lot about what they have done over the last few years, the whole production Plan A (as a means to trigger M&A) and some of the internal tensions on the board as they tried to cover both bases in terms of experienced M&A types and experienced mine builders.
It's shameless, isn't it. The way they jump on any contrary view, and accuse those who are more cautious of being 'paid posters' makes me wonder about their motivations. It might be entirely for their own ends (eg: they are underwater and need a bounce to avoid crystalizing losses), or it may be more sinister than that. Either way, it's relentless, and demonstrably ineffective.
God help any newcomers to investing if they read this constant ramping.
Shame on you!
Fortissimo totally agree there ,this is not who?,but when they buy the lot imho
Let's hope we can launch an assault on 19s today cos theres not a lot of resistance through to 20p...
How long before the market wakes up to reality...?
This one rcgl2 ?
https://integraresources.com/site/assets/files/2612/the_white_paper_-_george_salamis_vuse_final.pdf
addicknt,
It started with NCM as you know and NCM were trying to get SOLG on the cheap like they did with GGP. NM and Maxit brought BHP in to help counter NCM and put them back in their box. Remember, Maxit sold out to BHP at 25p.
NCM and BHP live in a bubble where they think it's perfectly good business to give a junior miner £100m in cash for an extra 10% slice each. Both knew SOLG would require another $300m in cash when they took the 45p placing. What they didn't see was the Franco deal coming. From that point onwards, it was clear that SOLG were not interested in heavy dilution for cash.
That's when it all changed. Now the end product of the last 4 years of finance is that we have several names in the hat when it comes to being potential interested parties for Alpala post strategic review.
1. BHP
2. NCM
3. Chinese
On top of this we might have Mitsui in the mix too. And then there's all those in the shadows that have yet to show their hand... Codelco, Fortescue, Lundin, Wyloo, Gina R, Anglo American, Rio, Barrick and a few others.
Having 3 names as shareholders is a bit like a bouncer having your name on the door. You're in. Whether that has an advantage in bidding... we will soon find out but the introduction of the Chinese will have BHP more hacked off than any royalty deal!!! And not a word from them at all. What do BHP next?? Hold out for best price like the rest of us and force the Chinese to pay top dollar?? Because the reality is, if the Chinese want it then there's not much BHP can do to stop them getting it, geo politics aside of course.
Totally agree Nick....