SolGold Share Chat (SOLG)

BHP were bought on board to stop a NCM dominance just like they’ve more dominating GGP’s Haverion.

At the end of the day if a bid comes, and NCM don’t think it’s a good price for them to maximise their shareholder value then they will not accept and not will Nick Mather.

They both need access and exposure to copper And gold and that’s why their combined 23.4% stake in Alpala Is what it is.

These companies are forward looking and they know the NPV will only rise the longer they leave it.

Nick Mather is trying to get conditional finding in place for $2.85bn to signal to them that we can go alone unless you bid for us.

They will bid for us as soon as the BFS is done imo. To leave it any later means paying a higher price. There’s a reason Nick Mather is drilling as fast as he can Cz he knows “a higher share price is the best bid defence”.

Patience and we win.

Morning copperpot - morning all,

Asked Karl about this a couple of times last night and basically it's what Blackrock have informed SOLG & declared so not mistake made by SOLG....

So what have Blackrock been up to in the background...........
If my understanding is correct, the move from 5.52% to 6.17% should have triggered a threshold crossing notification shouldnt it?

R's
BN.c

Am I missing the point here addicknt or are you overthinking this?

BHP are locked up until 20 October 2020. SOlG should close Franco financing well in advance of this date.

The only way BHP can move sooner is if a bid comes in from someone else before lock-up expires. Given the position of NCM and the general lack of action from other parties, i think this is unlikely.

I don't think there's much they can do about the Franco deal provided the site visit takes place within the next month.

I'm not convinced BHP will want to make a fair offer for this anyway if their past offer is anything to go by. Part of me expects the lock-up to expire and we'll likely get some joke bid thst will hopefully be kicked into the long grass with the contempt it deserves.

Urgent message to BNC......get yourself over to Eagle St and sort this mess out asap....lol

On a serious note it is pretty poor! God help us when the vultures start to congregate!

Morning colonel, agreed the potential there is phenomenal but needs proving up if the true value is ever to be realised. Still get the feeling we need to get CGP over the line before “ the company “ want to take the brakes off. If they wanted to boost the price in the short term they would be releasing news on every new permit received and every time drilling commences on a new tenement ..... Eliza has already said they are not doing this.
During the next 15/16 weeks BHP are let loose , PFS to be released and hopefully the drill results will once again be flowing ...... that’s not very long !

Broker you are right.

Without any extra purchases Blackrock would have gone from 5.52% to 5.18%, but they’ve gone from 5.52% to 5.29% after their 2.156m purchase. The RNS says 6.17% to 5.29% which is wrong as it uses Tenstar’s precious %, not Blackrock’s.

Investor relations expert got this wrong.

wonder if there's a mistake in the rns............

they seem to have quoted tenstars previous holdings not blackrocks...........
http://www.solgold.com.au/wp-content/uploads/2020/05/2020.05.06-Key-Security-Information-Update-website.pdf

the attached is the list of major shareholders from SOLG's website today.........

I've also taken a copy and saved it - a copy of which is here:
https://www.screencast.com/users/BN.c/folders/Shares%20SOLG/media/c3978be5-634d-42c7-abb0-4458c30c51c3

can clearly see BlackRocks shareholding was NOT 6.17% but 5.52% prior to the funding dilution.......

dont get me wrong I'm deeply suspicious of Black Rock and their shorting or lending out stock too short activities.....

just had no idea where the missing 10mil was..........hence "supposition"...........

r's
bn.c

addicknt,

BHP are attracted to SOLG due to exploration success. Alpala is just one of a possible 13 targets that has been progressed. BHP would prefer Alpala self funds the rest of the folio ... when they get their hands on it, but it's the 13 other targets that they are keen on. Potentially another 13 Alpala's. So don't worry too much about Franco deals and funding for Alpala as BHP will be looking past that already. That's why NM is moving on fast with exploration. He needs to get some numbers/holes done on these other permit ready tenements/blocks.

If you were BHP and wanted to bid, what would your timing be?
You could imagine that they'd like to a PFS and possibly a DFS, the argument being they'd want a clearer picture of what they're buying.
The counter argument to this is twofold: they wouldn't want Solg to be encumbered by the Franco monies and second, they have their own in-house resources who could do it cheaper. I think it would be fair to assume they already have a fair idea of the economics of the project.
My view on this is that they find themselves in a tricky situation.
In an ideal world ( from their point of view), they'd prefer to wait, but the Franco deal has confused the situation - hence the wish not to introduce third part funding.
This was clever stuff from NM, but I'm not sure it's going to be sufficient to deter BHP and I still think we could see a bid before the full funding package is arranged.

I'm liquid except here being topping up here holding 30k I'm down 200 quid ! You sometimes turn 30k into 45k in a couple minutes days weeks months hopefully not years and difinetly don't want to add two noughts to my 200 quid in the wrong direction !

BNC,

The RNS stated that Blackrock had over 6% prior to the dilution, but the dilution does not make up the 1% lost. So not supposition... just facts based on the initial holding vs where they are now. However, Blackrock should have declared an interest over 6% when they broke through that level but the didn't. It's possibe that they have loaned some stock out (shorted via another party) possibly on the knowhow of CGP dumping. Another guess is that Blackrock (notorious manipulators of small cap stocks) got caught out trading between their 5% and top end 5.99% threshold that allows them to play their games without declaring anything via TR1's?? They got caught out by the placing and as such their games revealed to some extent and they ended up with 2m shares in credit. They'll still be trading this between 5% and 6% threshold but the curtain was lifted on them for a day or so.

just been listening to the Youtube interview (Ronald-Peter Stöeferle: Indications Point to $8,900 Gold Price)
where he has suggested that Gold could reach $4,700 by 2030,!!!!!!!
Now wouldn't that be amazing for SOLG to be in production as gold hits new Highs, we could be holding shares in a multi Billion Gold Producer with pays Huge Dividends,

GLA LTH I would like to see it break $1800 this year. this covid Black Swan effect should kick in next few months as the recession starts to take hold

I've got the 2mil Colonel where's the rest of it (10mil)

Or is this just ur suppositions???

Rs
BN c

Looks like Blackrock added 12m shares between March 31st and June (they probably bought up some in the dip to 13p levels) and then sold 10m shares to end up a net 2m+ approx up on their last declared position in March. Blackrock... once a trader always a trader! But they are up by 2m shares. As for CGP. As far as I can see they have sold 7m+ shares between late May and June 9th so they are without a doubt the seller that has been hitting the bid recently and the main reason (in my opinion) that the relentless share price buying at 21.5p got soaked up as the mm's had a 21.5p order from CGP to fill. Looks like they'll need to sell another 8m shares + before triggering the 7% threshold and falling to 6% levels.

This feels plausible. And if they did, without the recent issue, they would have held 28.55% rather than 27.2%.... which is pretty close to a mandatory offer position. Well, I had the calculator out anyway. In those circumstances, the recent placing makes sense from a defence point of view. I was previously mystified by it. As you know, I’m not known as the biggest fan of the board here, and whilst the money will be useful to keep the drills turning, the reduction in BHP and Newcrest position.. especially when you combine them... seems a more rational reason to me. Maybe NM is playing a blinder after all.

LOASTAGAIN

They were a buyer

Ive given you the numbers

check the solg website for what they were prior to todays notification and you'll see theyve boought 2mil

the info is all there if you care to look for it!!!

failing that - i dunno what to suggest.............

go look!

bn.c

PhatT

Doubt there'll be any cash involved - just an offer of shares in SLOG.......

I got the calculator out.... I think they now hold 27.2%. The figures in today’s RNS used the 5th June notice to calculate. However when the new shares outlined in the 8th June notice come on stream tomorrow, they will be slightly further diluted.
As CGP have been selling loads since December, why haven’t they submitted a TR1 until today? Surely they must have reduced below a threshold in the meantime?

That’s also an inkling I have ....

IMO, Newcrest will sell out to BHP after October. Newcrest will then spend a chunk buying out GGP (Greatlands's) interest in the Haverion gold/copper prospect. The timing is right. Better to have all a small cake than a slice of a bigger one.

Yet again there are massive trades (69 totalling c13 million shares traded) reported by II and Morningstar that are not on either the www.lse page or the London Stock Exchange Official record of trades.

I have now reported these to both II and the London Stock Exchange Market Abuse department:

16:35:03 21.40 272,478 22.30 21.00
16:35:03 21.40 272,478 22.30 21.00
16:35:03 21.40 272,478 22.30 21.00
16:35:03 21.35 272,485 22.30 21.00
16:35:03 21.35 272,931 22.30 21.00
16:35:03 21.35 273,440 22.30 21.00
16:35:02 21.30 276,137 22.30 21.00
16:35:01 21.40 281,495 22.30 21.00
16:35:00 21.30 285,154 22.30 21.00
16:35:00 21.40 281,495 22.30 21.00
16:35:00 21.40 281,495 22.30 21.00
16:34:59 21.40 281,495 22.30 21.00
16:34:59 21.30 285,154 22.30 21.00
16:34:58 21.25 295,131 22.30 21.00
16:34:58 21.25 289,883 22.30 21.00
16:34:58 21.25 288,581 22.30 21.00
16:34:58 21.25 287,865 22.30 21.00
16:34:58 21.25 286,624 22.30 21.00
16:34:58 21.25 286,448 22.30 21.00
16:34:57 21.30 285,154 22.30 21.00
16:34:57 21.25 281,258 22.30 21.00
16:34:57 21.25 281,258 22.30 21.00
16:34:57 21.25 277,186 22.30 21.00
16:34:55 21.35 271,476 22.30 21.00
16:34:50 21.40 267,817 22.30 21.35
16:34:50 21.40 267,817 22.30 21.35
16:34:50 21.40 267,817 22.30 21.35
16:34:45 21.40 267,817 22.30 21.35
16:34:44 21.40 259,455 22.30 21.35
16:34:42 21.40 259,455 22.30 21.35
16:34:42 21.40 259,455 22.30 21.35
16:34:42 21.40 259,455 22.30 21.35
16:34:42 21.40 253,004 22.30 21.35
16:34:42 21.40 245,409 22.30 21.35
16:34:41 21.40 213,912 22.30 21.35
16:34:38 21.40 213,912 22.30 21.35
16:34:37 21.40 213,912 22.30 21.35
16:34:33 21.40 213,912 22.30 21.40
16:34:27 21.40 213,912 22.30 21.40
16:34:22 21.40 213,912 22.30 21.40
16:34:04 21.40 213,912 22.30 21.40
16:34:00 21.40 213,912 22.30 21.40
16:34:00 21.40 213,912 22.30 21.40
16:34:00 21.40 213,912 22.30 21.40
16:33:57 21.40 213,912 22.30 21.40
16:33:38 21.40 213,912 22.30 21.40
16:33:38 21.40 204,895 22.30 21.40
16:33:38 21.40 204,895 22.30 21.40
16:33:38 21.40 204,895 22.30 21.40
16:31:35 21.40 24,895 22.30 21.40
16:31:17 21.40 24,895 22.30 21.40
16:31:17 21.40 24,895 22.30 21.40

Plus BHP and NCM can surely buy these on the open market so long as they don’t exceed their allowed percentage?

Phat .... on the plus side , the less shares they have , the less we have to buy

Both these 2 have been diluted from c30% to 27.5%.

CGP have also been selling 7m shares in the last 3 months and will continue to do so. It is imperative we get a successful takeover of them ASAP. At the cost of further dilution? I'm not sure if that's the way to go...It's a tricky one, because they will continue selling and supressing the share price for as long as they want.

Copperpot ,new instutional invester or big conglomerate rns holding ...let's see