SolGold Share Chat (SOLG)

Hes loaded up in ggp left here many months ago BNC.

Evening Quady , no disrespect meant to anybody in my post , I know your views , respect them but I don't think you are correct in your assumptions.I just think from past experience this will be a low ball takeover. The price is low for a reason , just like Amerisur. Nobody could understand how the good news flow sent the sp down every time , ever director buys sent the sp down , just like here , it's happening the same.
To put a real dampener on it , we had an offer when the sp was 14 for 17.2p. The BBOD's were shouting no no no , it went for 19.2p. With 40m cash in the bank raised at 25p.
Sorry but I can see similar here.

with the the greatest of respect due schlemiel if you have no interest here in SOLG but do in other shares, why not post on the bb's you do have an interest in?

atb
BN.c

Many of these reporting sites are sloppy with the numbers. Some of the lead headlines have NCM looking at options on their 15% stake in SOLG.

Well... they only own 13.72%! But if they snaffle up CGP then they will own 21.5% approx plus 15% of ENSA. Without doub CGP are the major piece in this puzzle that all want to get under their wing before October 15th arrives SOLG included.

Which might explain why CGP's share price is doing well tonight. Was $3 a week ago and then NM offers them $3.9 and does them all a nice favour.

Things hotting up now and RBC are no slouches. They will either get NCM's SOLG stake sold at a premium or they will find some SOLG investors willing to take a premium and that might include CGP.

As I said... there was a 'reason' why NCM elected to remove their director. Lets face it, they couldn't have him there and make an offer nor could they have him there and seek a sale of their stake. He had to go so it freed up their options.

And that's what this is all about... NCM are ruffled. They are being forced by NM to think strategically about their next steps. SOLG are not rolling over and NCM are either going to be buyers or sellers but eitherway, that's going to be a good valuation indicator for SOLG and one investors need the market to take note of when it materialises as NCM will not be accepting offers for their 15% stake that is less then 45p imho.

Good evening gettingpoorer, in that case, I need my head examined. This is the type of tree shake, that happens every now and again. Nothing yet has happened, I do think, that we have lots of possible outcomes, some which none of us have thought about. Interesting times to come. All the best everyone.

Agreed Quady,

Nick needs to start releasing long awaited news of funding and regional.

Agreed Quady,

Nick needs to start releasing long awaited news of funding and regional.

Anything over 55pis dreamworld imho. This is now being played just like Amerisur resources was , the asset was supposedly world class there too. They sold monies raised at 25p for 19.2 at takeover , 40m£ cash , raised at 25p sold at19.2.
ColnelDrake knows , he was in the share at the time.
I thought this had 55p written on tit but i can now see 38p on past experience.
£1 is ridiculous , whoever thinks this will go for more than ten bob needs the head examined.
Not looking as hot is was , I will still be happy at 38 though , would double my stake.
Just for the record. I have been correct so many times without any credit.

I think this is worth repeating, it doesn't matter who owns what, we all know what Solgold is worth, It doesn't matter if it's NCM, CGP or BHP. None of them are going to part with Solgold for 50 pence a share, I still think, depending what occurs over the next 3 months, that this could complicate a complex situation even further. So no bid will be put forward. At the moment we are still heading towards production. Agreed we need time to prove up the other sites, but also to confirm the funding for Alpala. I don't think NM will get sleepless nights, I think the appointment of Citi was to defend this type of scenario.

Today, AFR is saying it will cost $3.5bn to take Alpala to production and with the usual delays you can take that up to $4bn. A major or majors will buy SOLG in its entirety as there is no way, no way in the world SOLG will be able to access that level of capital funding without destructive dilution.

I don't hold here any more but I have an interest with the Newcrest-GGP angle

That was Sangha btw

40p is laughable, yes, but only to LTH and people with lots of skin in the game. To anyone who bought in the last 12 months, including everyone who purchased in the recent placing, the ROI is between 33% and 250%. Within a year. This is exactly what will make the defence tricky at best, so yes, unless we are ok with a 40p outcome, we need one of two things to happen.... the SP gets a significant boost on drilling results, or more than one major start bidding against each other. Best case scenario is both happen. I recently purchased more to avoid disappointment at the measly return given how long I’ve held if we end up going for 40-50p. I could now live with it.

They can all f off in my book fek em all........bored of the lot of em

The more I read the latest tantrum from Newcrest the more dislike I have for them. Initially I think things will get worse for SolGold as they are deliberately creating doubt and uncertainty. A tabloid journalist (ok I know we’re not in that kind of industry where tabloids cover mining stories) but you could spin this is in a very negative way. “Major shareholder looks to offload shares due to management incompetence” Obviously I’m not a hack but you get the gist! It’s all part of Newcrests strategy to get their own way. I would expect this from Cornerstone but not a major mining company such as Newcrest.

40p offer is a likely starting point, but also laughable.
Just need to get drill results in quick , the sharks are circling

BHP cannot make any noise until they are freed up , hence the silence. When they are able to make a noise they will, and I hope it's a loud and noticeable noise too.

Having a low average also helps......as long as the offer is at least 40p, which it would be. Do NCM really want to miss out on this? I think not. There's dealings behind the scenes, which in my view NM anticipated. Just need now to see if he holds the right cards.....for everyone's benefit.

The current share price is 20p.
I'm happy to buy shares now with the intention of voting for a "low ball" offer of 40p in a few months' time!
Where else can I double my money in such a short time with only limited downside risk?

We'll just have to buy more then Rich? The more shares we hold, the more votes against a low-ball offer?

To be honest, if we take stock, nothing has changed, lots of speculation, which is good, as it increases Solgolds profile, and all publicity is good. But I am not so sure that we won't acquire CGP. If NCM do bid for CGP, and this raises the Solgold price, which makes the Solgold offer more favorable. The more NCM offer, the better the Solgold offer looks.

Wouldn’t be surprised if Newcrest and Cornerstone are in kahoots deliberately drip feeding sells into the market to suppress the SP so Newcrest can make a last ditch attempt at getting Solg on the cheap with a 100% premium offer at 40p. It’s quite obvious Newcrest want Alpala or they wouldn’t have been encouraging a share placing for finance in the last whip round that NM rebuffed going with Franco instead. What worries me is SolGold is going to get taken out on the cheap by a major one way or the other and anything less than £1 a share is cheap!

Red knight.... my money’s on BHP!

TbTT If..... and it’s a big if..... another major, say Barrick for arguments sake.... are positioning themselves for a punt at Solgold, why do you think it will be before October? Barrick will be fully aware of the BHP position here, and there inability to move prior to October. With these situations, it’s often a case of who blinks first; it’s actually the opposite of first mover advantage. Should Barrick make a move, BHP are released, and also have the advantage of knowing what they need to improve upon to secure it. Shareholders (Of bidders!) don’t take kindly to there companies making second offers which are vastly improved on the first one. It shows either desperation, or lack of due diligence for the initial bid. I think we will see a lot of positioning, and perhaps some significant movements of shareholding’s as the players prepare and those not interested bow out, but nothing concrete until at least October. Even then, it might be a bit of a stand off for a while.

My money is still...as before...Barrick takeover as the end game...

How I read the Reuters article...
Newcrest are willing to sell their stake in Solgold for the right price. They have received an expression of interest in buying their stake, (not from BHP, but possibly from Barrick). They have appointed RBC to see if RBC can come up with any rival offers to bid up the price.
IMO, Solgold is very much "in play" now. If a rival bidder to BHP is to emerge, it will be soon, and certainly well before October. One day we may wake up and discover that both Newcrest and Cornerstone have sold out, and Barrick (or similar major) are bidding for the whole company.