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RK
I'm only pulling you're leg. .
;-)
Come on CMG...I have 1264k and the wife 400k backing a takeov er war...
I'm just giving info on here based on dummy trades...
Me too Bubble, me too!
Well if Redknight has 38 filtered he must be talking to himself save one or two others.
Sharemarket I want Xmas off with a solgold bonus lol!!:)
Well that's very interesting that they doing this presentation after recent activities ....£1.32 on cascabel or £1.50 the lot ,agree the times running out on funding not sure a prop up of 30 million dollars is what shareholders want imho
redknight, whilst I share your renewed optimism for the mid-term prospects of this share, I think your timeframes are way off. It has taken ~6 months for us to have agreed this friendly merger with Cornerstone. It hasn't yet been formally approved. Save BHP panicking (which I don't think they will be doing), I am not expecting anything to happen here until Q1 next year.
In this order:
1. CGP will place their SOLG shares with a new entity (or several new entities)
2. We will release the PFS addendum and the Porvenir PEA
3. We will complete the friendly merger
4. We will sell the company
SOLG isn't exactly the most agile or fast moving of companies, is it... And they'll all want Xmas off after the AGM for all the graft this year (ha!).
RN
Are you ramping, but selling 50k bundles. Let's hope real news doesn't come in.
You might miss all this opportunity you talk about.
Thats 38 filtered and a quiet life...
An intelligent observation anon...thanks and push off...
Filtered...
Its bizarre that the SP has only moved in a 1% band all morning...
That suggests very strongly to me that it is being held...maybe pending an announcement...such as the sale of the share stake (during or immediately after Darryl's presentation).
It would not be difficult for Citi and the house brokers to hold the SP in the meantime...
Indeed those two 100k sells could be designed to keep a cap on the SP with the threat of more to come...
Meanwhile I can only buy or sell 50k on a very tight spread...
What odds on Redknight gets spooked today or tomorrow and sells half his shares again lol
Changes his mind more than the weather
Time to filter him!!
Surely it pretty obvious Bozi...
Sell the shares for $30m cash post the merger or
Sell them to a hungry investor pre merger and lend the cash to SOLG until the merger.
I repeat...NO CASH WORRIES...
And yes the drilling can start but surely SOLG won't be an independent entity at 31 December...
Start the bdding war now or...
Bring it on with an offer of 135p a share...
In a few months time when you have the agonising decision as to what to spend your newfound riches on, you will reflect on 12 October as the day the blue touch paper was lit...
This is a very very cleverly put together presentation...
(Unfortunately to be delivered by vanilla man...)
Yep!
BHP right now have to decide whether to stick, twist or bust, because they've waited far too long to try and get their grubby hands on your shares...
So...
Twist...make a bid with the intention of succeeding in a bidding war...
Stick...keep the holding pending the best possible price
Bust...sell out to the first party that comes along with an offer of 75p or more...
I would love to have been a fly on the wall when the M&A team at BHP were dragged into Mike Henry's office to be grilled on how the hell they have been blindsided by this.
Bit early for that, RK!
So now is the time to start thinking seriously about when you will sell part or all of your SOLG shares...?
There are two major considerations:
1 Are you holding out for maximum gain, but...
2 What is going to happen in the wider markets?
The latter being important because if a wider crash happens before the endgame it couid significantly impact the final price of SOLG, and also
A further capitulation in UK markets will open up opportunities for capital gain and dividend yields that could make any further gain in SOLG (after the stake sale surge) look pedestrian...
e.g. Jupiter Fund Management, down 70% since January, currently on a notional yield of 20% plus....
(That is NOT a recommendation...just an illustration of the 'value' that is already there...)
Because everyone knows what a fraud you are and your ramping doesn’t work…
Once a snake always a snake …….
You have been posting the same BS for years …….
My conclusion is that we can safely assume something will happen either in DC's presentation or in the next few days to spark a bidding war...
Solgold is saying that Cascabel alone is worth a minimum of 78p and anything up to £1 or more...
"So if you want us you're going to have to pay top dollar."
My guess is that the presentation has been skilfully stitched together by Maxit and Citi to give more than enough signals...
Now that the cash issue has gone away, only the takeover war remains.
The key is what happens to CGP's SOLG shareholding
If it goes to a neutral holder, like a Norges Bank type, we're still waiting...
If it goes to Mitsui or a party who would very definitely seem to be a possible suitor, that surely lights the touch paper
It won't go to BHP or NCM, but where does NCM's 'strategic' stake go and at what price?
My guess for some time now has been that there is a potential suitor lined up, waiting to counter the first bid or if that takes too long, to make the first bid.
Remember, BHP's purchase of Guinea's 6.1% stake in September 2018 more than doubled SOLG's SP in 7 weeks...
Expect at least that to happen here...if SOLG survives for 7 weeks if the stake is bought by a 'seriously interested party'...
SM, indeed it would. They were told to "put up or shut up" last year and did neither, so they deserve a good kicking.
Agree seems strange, yiu would have thought the market would be "in the know" which way this will go today, seems like the SP has been pegged back to me
So let's say Cornerstone place their shares with an entity they know has an interest in buying out SOLG. What would the resulting combined shareholding be of the New Entity + Mather + Blackrock + Norges (the last two I am speculating would be onside). That combined group would be in a stronger position to turn around to the likes of NCM and say - listen, either you are here to take control of the lot or you aren't, and if it's the latter, name your price. That could form the basis for an agreed bid, with NCM's ~10% added to the takeover group's combined holding, and push BHP into irrelevance.
It would be brilliant if after all this BHP lost out after trying for years to destabilise this company and shaft all us PIs out of a meaningful return.
Given that the presentation almost certainly covers all the points we can see, one wonders why the market is waiting...?
The SP has hardly moved all morning...the volume is low...
Theres been a series of 30kish trades...is this someone building a position or a trader rolling over T10/T20s...?
Or is the price being held...?
That would be surprising because there is more than enough meat in the presentation to:
1 Reassure the market...especially about cash (which could be OK until next June)
2 Light up a blazing For Sale sign
Thanks SM. Just catching up.