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Based on some of the weak and weary posts from some of late, it would seem the 'pre offer' suppression period is working wonders. Any M&A expert must be laughing their socks off. All you have to do to get cheap stock off a pi is make them feel like the sp is in the dumps for a few months and then they'll snap your hand off for a decent premium exit.
During Covid this stock hit 12p. It then hit 41.5p a few months later, then returned back to the teens before pretty much rinse and repeating to 40's. Desperate cry baby posts from the usual during the teens and emphatic jubilation when into high 30's and early 40's.
Anyone that thinks that SOLG is not going back to 40's again needs their head checked. Anyone that thinks it will be sold for less needs their head checked. Tier 1 assets rarely go on the cheap.
If you can't stand the heat... then take a cold shower and find some other stock to cry about.
Get a grip.
Like yourself . I offer nothing. I also don't suggest a takeover is in the offing and encourage people to buy on the back of the said speculation . As DBW, says , he knows what's coming. Really? Does he?
So would you say that the ones not offering speculation are offering facts?
And what would you suggest you offer?
There are a few people here who post regularly every single day that should just shut the door and leave. All you add is speculation , any of us can do that , I choose not to. You all know who you are , have some dignity.
Why does anything need unfolding? They should have discovered cascabel, sold it, and carried on with exploration . Just like they set out to do all those years ago.
2 massive miscalculations from Nick.
He was very pleased when BHP first appeared on the register.
He would tell all and sundry about it, on his many roadshows. Saying how it gave the company great credibility.
They ultimately have been the root curse of most of our problems.
Secondly the market lost interest and confidence in solg almost from the very day he developed ideas of grandure about becoming a developer.
B- , Mr former ceo ( must try harder)
Not only do i understand the asset but I understand exactly what’s unfolding here …. Clear as day
DbW
The asset is one thing. The company is another.
Surely you understand the difference?
If I own a Ferrari, does it make me a great driver?
Solg got lucky with casabel, it was cornerstone that had the licence, solg got the farm out .
They have been almost incompetent ever since.
Maybe tomorrow then we might get an RNS confirming this offer ,funny all this comes out after today's news
Monte
It isn’t a rotten mess it’s one of the best copper / gold discoveries of the last decade …. If you don’t get that I’m at a loss …. Someone will
This rotten mess is sold soon.
You have a board of directors who have led long time investers a merry dance. They have destroyed value with almost every move they have made. To think there is a suggestion from insiders that DC was sacked to enhance the appeal of the business, barely a year after the same people gave him the job tells you everything you need to know.
Nick Mather spoke of value enhanced exit points for investers to cash in or wait for a ever increasing bigger prize , years ago.
In reality the exit points have been value erosion and a decision whether to bail or take more pain with enhanced loses.
They have also created a delusional subsec who still actually believe the BS and actually think we are still exploring and will become the next BHP.
I would not let some of these directors arrange a tea party at the local bingo Hall.
Hopefully the filling of troughs and options is done ad we can get rid if the whole lot quickly.
Dbw - I wasn't aiming that at you. I am aligned with you on what will happen here. I just think the article is poorly written as it's factually incorrect.
Agreed...
5524 followers of her tweets
Actually had enough steering people to what’s staring them in the face …. If you don’t get it then go elsewhere…. Nick and co bringing this home
Cecilia posted on her twitter feed 38 mins ago
This article is absolute trash and Cecilia Jamasmie should be ashamed to put her name to it. How someone who has been a Senior Editor at mining.com for 15+ years can pen this is beyond me.
1) Sacking DC and postponing the studies does absolutely nothing to "simplify the management structure"
"According to sources who asked to remain unnamed, the decision to let CEO Darryl Cuzzubbo go and the delay of both the Cascabel definitive feasibility study and the Porvenir preliminary economic assessment, had the goal of making the company more appealing to bidders by simplifying the management structure."
2) The Osisko royalty deal had absolutely no impact on the % of equity owned by BHP and NCM
"BHP and Newcrest, already SolGold’s largest shareholders, recently saw their stakes in the company diluted to about 13.5% each after the miner inked a funding deal with Osisko Gold Royalties"
I know our "street fighter" BoD and advisors have been running a fairly aggressive PR campaign but I hope they have nothing to do with this cr*p. SOLG's financial PR team should be getting in touch and asking the author to rewrite. Dire.
"Share price could start to motor any day"
Possibly or it could just trickle along as if no interest there at all. I know I flag Noront Resources up as an example (too frequently according to some!) but it is a good example of BHP's tactics as is Oz Minerals. On both occasions, BHP struck or made their attack when the market was NOT expecting it and the target company's share prices were subdued or near yearly lows. It's standard M&A... you want to strike when the sp is low and not when the sp is high.
After the AGM, BHP will know what resolutions have passed (so get your vote sin now if you haven't already) and post the merger deal in early Jan, BHP will be heading toward sub 10% levels. Hang about further they could see 5% going to Mitsui just to make things more uncomfortable and bring in some more exploration cash. A consortium deal on SOLG or ENSA involving Codelco, Lundin and Chinese would REWARD those businesses and entities that are already contributing revenue to Ecuador through proven commercial mines in the south. The irony is... it may well go to these companies and then 4 years into development BHP buys in. At some point, there will be a situation of 'no-return' for BHP and that can't too far away or the alternative is to pay much bigger bucks in future but for lower risk exposure.
Still think the answer is Anglo American. Possible we could see Rio or Barrick getting involved too. And perhaps the surprise card in pack is Twiggy and Fortescue. I get feeling he is just waiting for BHP to make a move and is then going to force them to go higher. Just for the fun of it!
Lol … Mathers … each to his or her own
Share price could start to motor any day
They won’t announce it until they’ve had their fill at the trough - and today was a good feeding . It’s coming though , there’s a feeling of inevitability about the process
DBW,
Like many here, I will believe this sort of cr*p once it’s in a RNS from the company, if it was true I can assure you Solgold would announce it first
Anyway, don’t build your hopes up on someone’s mind games/misinformation
Atb
Anon …. We’ll see
No, no bidding war at all.
Certainly there hasn't been any official bid, else it would have been RNS'd.
That article seems to be 100% speculation, imo.
“.... is said to be at the centre of a bidding war between Jiangxi, China’s largest copper miner on the one side, and BHP ... “
shoddy journalism. Said by who? If this were known, and true, SP would be well north of 17p. Now I’m not saying something isn’t going on in the background, I just don’t know, but if it was the open secret implied here, we would be seeing more movement on SP. it’s speculative fluff.