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Someone playing both sides …. Allay 20k odd
Ask 1984 he’ll send a screenshot shot . I can’t do it in the pub
Just looking at this sp, roughly last couple of months it’s averaging out about 8p give or take a few fractions, what is the daily average of sp and time taken to form a bid price, just wondered as I’ve read quite a few different opinions.
This is definitely being kept here in this range, just be interested to see other people’s opinion
Atb
RK, your appear not to have grasped this. Currently, we own 100% of the subsidiaries. If we spin them off they will need cash and that cash will have to be in the form of equity which, in turn, will be provided by new investors. We will then end up owning a diluted percentage of newco.
And '84's point is also completely valid.
Is there a special school people go to to learn to be this dozy?
If you spin something out with little or nil value, how much money do you expect you’ll raise?
IPO certainly viable but can be risky as you are opening the key asset up to creeping ownership.
Rio Tinto derisked Mongolian assets a few years back when they did an IPO with Oyu Tolgoi with a decent wedge of it going into the IPO traded business called Turquoise Hill. They later bought it back once project was over the early production issues.
SOLG have worked hard to get strategic partners in and to keep BHP and NNM at bay etc with reducing their interests down from combined 27% to just over 20%.
No point at all spinning ENSA out unless you get the full valuation via the IPO and that rarely happens. It's costly too.
Spinning out the regionals with 50 odd licence blocks makes perfect sense and should have been done 2 years ago. A few discoveries and the share price on the exploration spin off would probably be higher than the share price on SOLG / ENSA lol!
The market is so thick these days it woudl happily price up a potential Tier1 mine rather than price correctly an 'actual' proved up Tier1 mine.
That's the markets for you. Speculative.
Ah great news. That’s means I can sell my kitchen and the house will still retain its original value
Why didn’t I think of this sooner ?
Oh dear addickt...
Its asn IPO...say Green Rock Resources...you're issuing shares in Green Rock, not Solgold, so its not dilutive...
But it also puts a value on Green Rock, which increases the recognised value of Solgold's total assets
Redknight - what has changed that you are now supportive of IPO'ing the subsidiaries?
When we had a similar conversation last year about a spin out of the regionals you were vehemently against this method given the tax consequences it may have for PIs.
I agree with Add. Even if you IPOd the original SolGold 6 it would be quite significant dilutive.
We'd be best packaging Cascabel and Blanca up given this week's news about porphry prospectivity and then spin the rest out into one regional business with Bramaderos et al, IMO.
Brisvegas, indeed, it's a wonderful country and, like many Brits, I have quite a few relatives living there.
It’s a bit like saying you could sell the four alloy wheels off your car and then expect your car to still be worth the same
And to think he worked at board level in a bank we’re meant to believe?!
We like hostile. It usually fails but pushes up shareholders returns.
Hi Add. Please don’t judge Australia on this moron. Not worth a breath.
There is no way in hell Mather is going to sell anything to BHP.
He cannot stand them.
Thankfully we do not need BHP and if they want it, they will need to go hostile.
NAL, that was 2016. I know Australia is a long way behind the rest of the world, but just for guidance, it's now 2024. You'll get there one day, although I'm not holding my breath.
RK, obviously, and that's why it would be dilutive.
When you do an IPO you raise cash...thats the whole point...
Redknight1 - actually Solgold has far more than the SIX subsidiaries you mention. 25+.
Including a fair few inherited from Cornerstone. (See Note 9 in Annual Report for full details).
I'm sure the Strategic Review will look to rationalise these.
Eloro he’s so paranoid about what people are saying that he looks elsewhere on a system with no filters to check
He’s a a prize pillock
Adikt. Doea that mean you agree that somebody has shown what they think solg is worth.
Because no matter how much you diffuse.
Bhp clearly bid 35p a share.
So clearly thats what they valued us at.
So when you say, nobody has shown there hand. Once again your showing your ability to change facts to suit your narrative
it's rich for lord braggart to **** off posters here when he is by far the most odious! filtered everyone, at least so he claimed, yet he can still read every post here. perhaps his filter is broken. let's not forget his boasting and sense of self importance like he set up this bb and therefore decides who can post and on what topic. get over yourself you pompous old fa-art!!
Im astonished, some of the sensible posters respond to the village idiots, can't we all just ignore them.
I'm not sure the six subsidiaries would be suitable, but that's a moot point. How would they trade without any cash? And to get that cash they'd need to raise equity (I cant see how any of the funding structures would be available to them).
As for providing a monetization opportunity, the rush for the exit would destroy the share price.
In my opinion, the only part of the business which could be IPO'd is ENSA.
An IPO would produce 'non-dilutive funding' as well as monetisation...
Looking at the corporate structure of SOLG, which includes SIX subsidiaries, any of which could be independently IPOed to 'monetise value' without incurring a taxable event...
The obvious one would be Green Rock Resources (Porvenir)
But after the Blanca Nieves results Carnegie Ridge is a real possibility as both Chical and Rio Amarillo are copper gold prospects.
Cascabel is 100% owned in ENSA which is 100% owned
Porvenir, Chillane, Cisne Loja, Timbara are part of 100% subsidiary Green Rock Resources
Blanca Nieves, Chical, Rio Amarillo are part of 100% subsidiary Carnegie Ridge
Salinas is part of 100% subsidiary Valle Rico
Cisne Victoria, Coangos, Helipuerto are part of 100% subsidiary Cruz del Sol
Bella Maria, Cana Brava, Espejo, Playa Rica, Rio Magadalena and Vetas Grandes are part of 100% subsidiary Cornerstone
Cornerstone also owns 12.5% of Bramaderos together with Sunstone Metals (87.5%). This has a 10 million ounces of gold target...
hxxps://smallcaps.com.au/sunstone-metals-sees-potential-10moz-bramaderos-project-ecuador/
Get stuffed redknight
If you have people filtered then you can’t possibly claim any of the things in your post
The board is not yours, you don’t dictate anything. If you don’t like it, don’t contribute. It’s all worthless what you ramble on about anyway
Collapse this fake and GAE bubble economy. Clutches pearls to chest and faints at the thought.
Sooner the better.