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Add, I do hope that your good lady don't read this BB, otherwise its the sofa for you tonight 😉
Thanks Kat. You've obviously met her.
I'd give him your wife too.
Eloro, ha! I'd give him my wife, although if he asked kindly he could get her for free.
So we enter then next phase in a month or two then six months to execute exploitation agreement? So that will be in place by latest mid November
DBW, theoretically only 51% is required. 75% is required to de-list and 90% to exercise drag-along rights i.e compulsory sale.
Is 51% achievable? Definitely. Would a buyer be willing to accept that? Probably not. Is 75% achievable? Almost certainly -provided the offer offers good value.
I can easily see a situation where a jv ends up buying us. For example, Barrick or Newmont for the gold and BHP or the Chinese for the copper.
"Schlem, yes. It says we've been sold for £3.45 per share."
For that price, I'd carry Scott's golf clubs Add😆
Hi Red I accept your view and it's one that I've long held hence my investment here.
But is it not always good to look at the worst case scenario?
We know there are big investors with averages from let's say from 15-30p. But if somehow these ii were tied or let's say leaning towards a couple of the big boys bhp/newmont how could that affect us.
Like add points out do we need a vote and do we still have the controlling hand?
Cgp want out and looks as if NM has left this in their hands.
In my opinion it's what those groups thrash out between them what matters and we will have to accept?
Smickster...pleased allay your worst fears...
There is NO WAY the Board, Nick or Bob will agree a deal at 25/30p...
And this will be a takeover battle...trust me...like noront...17c to 105c in 8 months...
Add …. Won’t it need 75% approval?
The question is, how low can they get that deal away?
Bouncing around 5-8p suggests they are looking at an agreed deal of 20-30p. Do we think that's possible to get through?
It doesn't need to be hostile. It'll be an agreed deal.
BBG, as I'm a bit cynical.. I'm expecting some director share bonus awards to arrive first befoee any major event. Would be refreshing change to see it the other way around though.
Apparently the algo bot machine is missing it's fuse this morning. Did someone break into China town blue dragon and nick it and some soya sauce?
Yep, even Needy can't justify posting nonsense every half hour any more... one post a day seems to suffice now ! ahhh don't you just love them 😘
Either can happen any day now
June 6th! Why that's D-Day (80th anniversary this year) and one of the 5 Beaches - GOLD - was taken by the British. All we need now is for Miss Sprinkles to turn up and cast some of her magic dust upon us and we're off to Berlin. Now then - nurse! Where are my pills?
(Sorry. It's Friday, our journey is getting exciting and like Biden, I can't contain myself!)
Tesla1 - Too many Tsingtao's?
Lol as opposed to your rabid posts 6 weeks ago when you 💩 yourself that your 1,236,000 units were heading to oblivion
So you went all in £50k and managed to add 200k shares…….
Hilarious…..pray tell what could Mather do relaxed or not…..he has no other option…….
Meanwhile the sp is still 8p and no funding sorted………yet !!!!!!!!!
You are absolutely correct. It's June 6th deadline.
But considering we'll be down to almost zero cash by then, I think you'll find we'll be executing it before June 6th.
They'll need to get it all sorted within next 8 weeks IMHO.
Happy friday all
By my reckoning the deadline is 6th June which is 6 months after the pre-terms were signed on 6th December. ( May 6th is only 5 months)
Yep could well test 9p today, hopefully the post noon autobots are kinder to us today, nice to see base metals continue to rise Gold just shy of $2200
Mather is very relaxed at the moment. What does that illustrate?
Schlem, DGR took one hell of a hammering on Armour and their cash balance isn't that wonderful either. NM really needs to get a return from Solgold.
Yes... plenty due before May 6th exploitation deadline. Of course... like the Technical Report, they can execute the exploitation agreement any time they like leading up to May 6th. So it could be next week if they wanted to do it then. But there's a few things that need releasing before then so should be steady news flow over the next 6 to 7 weeks.
All parties involved will be acuteoy aware of the May 6th deadline, which incidentally is roughly where our cash pile runs out so looks like Bob knows that funding is coming before then and has been working toward the May 6th date for a long time.
SOLG has a history of a 'marching' share price when leading up to big news releases but recently the controlling hand has been playing its part on the share price. If it wasn't there... we'd likely be 14p levels right now.
Alot of of pent up steam building and when it blows... it will blow fast and hard.