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Copper it may have been £1.32 one and a half billion new shares ago.
Investor realism, not fatigue and the knowledge that time is not our friend - another 2 years of doing nothing except listening to Quady is not going to bag us a better result at this stage.
75p the lot and should be bloody grateful we avoid running ourselves into bankruptcy or a fire sale before then.
Very odd comment, Monte, though I admit that some of you are as repetitive as children's TV shows tend to be. Good comparison.
Stack
Would I be right in thinking you get amused easily.
May I suggest children's afternoon TV. I'm sure you'll love it
Gents,
thanks for the responses.......
BHP appear to be in no rush to resolve our current financial issues and are happy to see our share price drop further as they can then buy the company cheaper at a later stage.
This constant money raise issue is not going away and it's all getting a bit tedious now .
I would be happy for takeover sooner rather than later.
I'll keep posting for balance, to try and dampen the reverberations in this echo chamber. Left unchecked, this message board will make it look like a sale is going to happen, and some unfortunate would-be investor who happens upon it might think the rampers here know something. Which would be a dangerous misunderstanding of the situation.
Stack, you're in denial. Mind you, you're not alone.
Good morning Stackhigh, great observation! This imminent sale has been happening for over 2yrs
..........lol. It's desperation by a few. One fella has told us it would be for £1.32 nuow it's 50p for the lot. Investor fatigue at it's best!
Well you needn't worry then ,stop posting and watch or sell and disappear
anon, do you not agree that things have changed?
What do you think the merger and strategic review are actually for? Why would you need a review which simply concludes that production is the way to go? Why do you think Sangha, who appears to be the catalyst for all of this, is so bullish about the prospects for an exit? And bear in mind he's conducting the review and will be a significant shareholder in the merged entity.
Life is now very different and any residual dreams some people may still harbour about independent production are now firmly in the trash bin.
So having read all of these posts, a conclusion:
The biased people who desperately want a sale say there is going to be a sale. Shocker. No details, just a hopeful 'soon'.
The market doesn't think there is going to be a sale, and the SP bobs about. Any drop like today's is swept away on a tide of "don't worry, it will sell soon", and any rise of similar proportions is hailed as evidence that "it will sell soon". Genuinely amusing.
Wow! There is some real twisting of this latest RNS.
Try reading it and absorbing what it actually says.
It says we are looking for a JV for Cascabel.
It says it's looking for better financing terms.
It says it's looking for bringing Alpala to production cheaper.
It does not say it will be sold cheap, but for the correct price.
Selling therefore brings the diverse book argument into being.
So noone will buy at that price.
DFS is delayed not dead.
This is because of delayed PFS update for Alpala and PEA for Porvenir.
Hats off to CGP though… they have gone from minor bit part player, to running the show … and they have done it easily… fair play.
Most companies that are taken over have many shareholders, large and small, it does not stop transactions Quadys theory is based on BHP not wanting to pay market value, its as simple as that. He may be right he may be wrong . if they do decide to pay up they can get it;if they don't someone else can. Simple as that in theory. Obviously huge amounts of egos will need to be massaged and loads of corporate nonsense to keep the lawyers in their lifestyles but basically quite simple once you scrape away the nonsense
josephi, the critical figure is 51%. If someone bids and receives acceptances for that percentage they have control of the business and can do what they want. The big stick to persuade others to accept is the threat to take the company private and this usually has the effect of pushing more shareholders to take the money. Very few people want to be trapped in a private company with absolutely no voice or control.
In my opinion, a bidder would get the 51% here without breaking sweat.
50p Bubble? Be lucky to get 40p.
Utter shambles this is turning out to be. We've gone from meandering along in first gear to firesaling our company at the whim of a minority shareholder (CGP).
And PIs are happy about it. Just goes to show that many don't know what they're doing in these markets.
I think everyone knows an end to the ‘current’ Solg story is being engineered. How long it takes, what format and how successful it is carried out is what will decide if we those positions filling…
Hi Monte - I think your point about ‘World views’ is interesting as we now seemingly see once such conflicting interests coming together. This may well be a gross over simplification but is the clue in regards to the ‘spin offs’ mentioned in today’s RNS. Could this be NM’s price for supporting an early and relatively cheap sale of the main asset (or indeed the company when NM has the tenements he requires)?
I see there is still persistent talk of an imminent sale.
It does make me laugh, but I suppose it will have to be correct eventually.
Maybe in about 5 years lol.
Serious question then, which is if some of you think the company is so desperate to sell out, why not just announce it?
Why would the company just give little clues, apparently making it obvious it's in the shop window?
I agree with Quady and the couple of others.
We are no further nearer a sale and I see nothing in this RNS that says we are.
I think those who are constantly analysing RNS' for the slightest hint that we're up for sale are only torturing themselves, I'm afraid.
Meanwhile, I'm looking to add some more dirt cheap shares.
important to note that Caldwell will retain the description of "Interim CEO". There is no mention at all of an ongoing search process for a full-time replacement. Nor has there been any suggestion of looking for a full-time CFO.
This question is made for Quadys response
Can anyone help with the following?
let's just say there is a buyer in the background ......With so many parties involved and holding large chunks of solgold, how is the sale or part sale resolved ?
for example if BHP wanted cascabel how do they buy it ? what is the process of keeping shareholders happy?Do they just say offer 50p and if the majority agree they are able to force it through even if some share holders don't agree and want a higher price?
This all appears to be a bit of a mess.
Thanks in advance
DW? like your optimism though Solg mgt left up suspects of everything.
I would agree with you if he had been trying to flog 15% of an established operating long life low cost copper mine, and failed. 15% of a potentially long life low cost copper mine, mired in development uncertainty (with shareholder disunity in the controlling party) and no ability to influence that is something else altogether. Can you think of any entity in the world that will pay good or decent money for that? Emphasis on good, they aren't interested in selling for complete peanuts.
Someone should let the cornerstone boys know, that they need to please everyone, so there cannot be a sale.
They obviously got the wrong end of the stick. Silly boys!