Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Red, thank you for putting so much thought into this entire scenario. It's fascinating and one cannot say that it is not possible, however it would be extremely complex and lengthy to orchestrate, it assumes that NCM is just sitting there waiting to be bought by BHP, and in a time frame where SOLG still need to resolve the lack of funds. So IMHO the mechanics of your suggested plan don't come together in reality as you probably have them pictured in your mind.
Also, we would still need to rely on another bid coming in in from somewhere to trigger the price war that brings us to the £1 you suggest. To date there is no indication that there is another bidder in the wings.
Nonetheless, we can dream!
Quady, I will take a look at VRS, not normally my bag, both the sector and the time before a decent payout, but I will do some research nonetheless.
Orthern, I invested in KAV at 2.9p and sold it for around 5p. I am probably going to dip back in early November after they finish drilling what is their most promising license area. The current boss Ben Turney is a bit of a chancer and the moving on of Mike Moles hasn't filled me with much confidence, but think it looks good for a trade (providing they actually find something!). I would consider properly investing for the longer term once Ben goes (I think his days are relatively numbered personally). I know Bozi was and I think still is invested there.
For a 2-3 year hold I am in pretty deep in GGP. The BB is a bit of a nightmare as it has such a huge retail following and bickering worse than here, but management are top drawer and the asset is golden. Us SOLGers will have to find something a little more niche I think.
Nothing solid Med just JV or takeover is more likely than Solgold taking it to production. No time scale, no thoughts on who. Sorry
RK, BHP do not describe themselves as gold miners and it does not form part of their strategic ambitions. I don't know how they'll deal with gold at Cascabel , maybe we come back to the jv with NCM? I'm sure there're other companies that BHP have their sights on other than NCM.
Ship …. I’ve thought that for some time now ( as everyone knows lol ) I think however this pans out the end is not far away
thanks Shipright. Any views on the likelihood of a TO?
I'm all ears Sharket if you have any genuine suggestions...... If there is a payout here it wont be anywhere around £1.
Think ill go safe after this.... Long term... I can see the Chinese economy going pop with its own credit crunch, based around its soon to be, imploding property market... and if that happens there is no country to ride to the rescue to bail it out.. and miners could be well out of favour.. banks too.. I dont want to be sat holding anything when that finally happens.
You may well be right Shipright.
I do however still believe it's the most likely course at the moment.
SharketMare I have just the stock.
I am invested in it and building a position.
Like Solgold it's risky but the upside is huge.
Reckon they are ten years away from the serious money.
The downside is they are unknown and have very little funding.
It's ticker is VRS.
I have recently talked to an ex, high up employee who is now more able to be candid and they do not think solg will take this to production.
Orthern … lol
Orthern, I think we should take a BB vote on which stock to buy after SOLG gets bought out. Preferably one with a BOD as opaque as the current lot so we can sit around arguing about what's going on few another few years.
He must think its a a fuc_ing madhouse
Wow!
I have reason to believe that the journo I referred to earlier is following this Board...
I think Slug is trying to beat his record for the number of times to be removed in one day.
Personally I think he might achieve it.
oh please, there was a polite discussion going on, whether you agree or not on the content. No need to disrupt it.
Excellent Slug thinks I am wrong, as he is wrong on everything.
Not just Solgold but everything in the world, this just reinforces the production case.
Goodbye Slug.
Which scenario would that be Redknight.
Today's one, yesterday's one. Last month's one.
You see the problem is you have so many that you would think one of them must be right.
However the one scenario that you don't have is that Solgold take this to production.
Just think it would be amusing if after all your changing scenario's that none of them turned out to be correct.
Exactly!
So if they don't have any interests in Ecuador my scenario makes perfect sense and Mike Henry has started the charm offensive already...
And remember BHP had a massively expensive and embarrassing $5 billion catastrophe in Brazil a couple of years ago...
So in my opinion this is how it plays out...
The AGM is fast approaching and Twigger is honour bound to put the entire Board up for re-election.
If nothing changes before then (10 weeks...?) potentially the entore Board is toast, so...
BHP/NCM announce a merger
BHP has to announce its intentions re SOLG so almost certainly increases to 30% and launches a bid at say 35p
Surely the Board, Nick, CGP, Tenstar and DGR won't wash that so...
A counter bid emerges that they can support at say 60p...
An auction unfolds with the winner paying £1.
BTW I have said before that I couldn't see a lowball and that BHP would probably have to pay 75p for NCM's stake.
If they merge a low ball is more lilely and BHP don't have to buy NCM's stake...
Redknight, I can't argue with BHP's website. And I don't disagree that they like to work from home. But I also didn't miss the very public and media driven meeting between Lasso and BHP some months ago. Seems odd for a company not really interested in Ecuador (according to their website) don't you think?
Actually Colonel, if you look at the map of BHP's global operations in its latest Annual Report there are no blobs in the Americas at all...a few in Asia and a massive concentration in Australia...hence its strategic withdrawal to Australia...OZ adds significantly to this concentration.
All the best to you SharketMare.
addickt...
NCM is weaker
BHP wants Solgold but
BHP has no significant presence in the Americas whereas NCM does.
NCM is a gold miner; SOLG has loads of gold, including undiscovered
BHP has no meaningful presence in Ecuador; NCM does
NCM is a block caver
Using BHP's much greater financial/capital resources, the NCM 'division' would be able to buy CGP and Havieron
BHP's new strategic structure is:
Centring themselves around their substantially Oz based businesses
Divesting and merging (Woodside)
Divesting non core (coal)
Battery metals (copper, nickel so far)
So at face value it makes no sense for BHP to acquire SOLG/CGP unless they merge with NCM who also have North American interest, as well as South American (including Fruta del Norte, Lundin Gold and Solgold in Ecuador)
Fortescue is the second largest player in Ecuador on a licence block basis. BHP and NCM are active in Ecuador outside of SOLG interests. Do some research and you'll see the dynamics on o e of the most desirable and sought after regions in South America. Every other region has basically been tapped up, secured or wobbling under lefty uprisings.
Ecuador, Lasso IMF et al...are keen to find a solution that meets the worlds copper needs and grows Ecuador. It's coming, not long now. Oh and remember... there are some crucial land purchases still remaining on ENSA blocks. So the big boys like this matters sorted before extending the cheque book pages.