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“Thank you Jerry informative post but wrong conclusion” ….. learning difficulties aside , do you genuinely not realise how arrogant that sounds.
A normal person might say they disagree or even “wrong conclusion in my opinion “ … I’m not looking for another argument just can’t work out if you do it on purpose Or just simply lack any social graces ?
Hi Jerry
Yep NCM’s role is fascinating. In the same way that they’d like a cheap equity raise along with BHP I don’t believe their end goals are necessarily the same. As and when they decide to cash in their “strategic investment “ it’ll simply go to whoever is willing to pay the most .
With 3/4 weeks to go until annual report, full year results and MD&A… and only about 12 weeks until the AGM I’m expecting things to liven up here soon
Thank you Jerry informative post but wrong conclusion. NCM know they cannot own Solgold. But they are not selling their stake and want to add to it. We are going to production owned by many. It's called a diverse book.
Every few months for the past 9 years, we are told on this forum that a bid is imminent. People are now saying before Christmas. They were wrong many times over the years and are wrong again.
What is so blatantly obvious, is They are wrong every single time for the same reasons over the years. But their own world view and in some cases desperation blinds them.
Fruita del Norte is an interesting one as that was a stream deal they bought into. Ironic really... NCM seem happy to take a stream deal from Lundin Shareholders but when someone offers to do a stream deal with SOLG, they don't like it. I wonder why lol!
I can't much on NCM books for 2026 onwards. They seem very short term focussed with high impact fats profit return projects. That might be working for them but their share price is at 5 year lows and shareholders look unhappy. And that's with PM's being at their highest levels for years. NCM are doing something wrong and top management need to carry the can. Time for some fresh blood there with big ambitions.
For those who have commented on whether NCM would be interested in copper, they have publicly stated that they are interested in more copper, but I doubt quite this much.
Since their initial investment in Solgold they have either invested in or bought:
Fruita del Norte
Red Chris
Havieron
BruceJack
Expansions at Cadia, Telfer and Lihir
So while the grass has been growing underneath Solgolds feet NC have been moving on.
With shareholder pressure for dividends and not further growth potential assets purchases, a sale of the Solgold stake is far more preferable to NC (imo) than further investment. Maybe they could swap it for some kind of NSR over Cascabel, but whether any buyer of their stake would countenance that I am not so sure.
By the way I’m not expecting BHP to be necessarily the first mover ….. we have the biggest gold copper find in the last decade and someone will want it … Fortissimo/ Red and BBG to name but a few are spot on in my opinion…. From now until the AGM plenty has to happen and although a great outcome is never guaranteed, it feels ok to me
You don’t have to assume BHP are the only interested party …. Just look at some of the companies recently moving into Ecuador and add to that the fact BHP have lost face twice recently
Let’s hope not… buyout or not I’d like to see some big changes here.
I do think we are all often guilty of positive reinforcement of the idea that BHP are guaranteed to want to own Cascabel… because it’s what we all want..
yes they own a small percentage, but it really is a tiny investment to them. One they could easily just shelve and focus elsewhere… bigger fish to fry with much faster routes to profits than us… we lost the long touted first mover advantage a while ago.
There really is no guarantee that they are that serious about us.. their M & A activity so far has been aimed at other companies, it’s fair to ask why…
I am still invested here, all be it smaller since PFS day… but I am questioning my own, and others, level of confirmation bias regarding how much BHP May want us..
Hopefully I am wrong and we get the long awaited RNS that announces genuine progress soon
Orthern
One way or another I doubt we’ll have to put up with them for much longer.
Re your other point I’d generally agree re a bb’s ability to affect the share price but just now it doesn’t take much to move the price….. I bet if a few if us chose to sell just a couple of million shares between us it would have a negative effect… albeit only in the short term
In our case specifically the sentiment is being driven by a **** poor board
The idea that a few, tiny, tiny, scaled private investors, discussing some potential negative points surrounding their specific investment, would have any resulting impact on the overall share price is absurd…. It’s general market sentiment that drives our price, not a few people on an internet bb. And general market sentiment can be seen by looking at the last 6 month graph.
We can agree to disagree which is fine by me too. Have a nice weekend.
Fair enough FTJNY. Don't see it the same but that's fine.
Bozi, It’s not daft at all. IMO it’s simple common sense “not to air your dirty linen in public” It might make you personally feel better but it’s negativity is destructive and value destroying! Positivity breeds positivity as we have seen many times over many years as investors have piled into Solg not just based on maybe a good drill result or a fund raise but also collective positive sentiment towards the stock a bit like herd mentality. But flip it the other way and with posts like you have made recently along with others it’s unfortunately all to easy to instil doubt and fear among fellow investors and with so little volume exchanging hands on a daily basis it doesn’t take many sells to push down the SP. So maybe next time you are inclined to vent your spleen and get something off your chest just ponder for a minute whether you are helping matters or are part of the problem perpetuating a feeling of negativity towards the very stock you are holding. If it’s the latter then you might as well get a gun and shoot your big toe off!
We know that DBW, but there does seem those amongst us that think we mustn't stray from saying good, positive things at all times because otherwise we're '****ing on our own doorstep' or harming our investments.
You either get accused of being a moaner or a whinger like Addicknt was the other week or you get accused of not being a shareholder.
Your view of where this goes next may well be right. The AGM is certainly set to be transformational for SolGold at a corporate level.
I don't think I'd be quite as surprised as you if we're still here in January. I believe BHP will want to put on a show at the AGM rather than 'agree out of court' beforehand. But, I say that without knowing if anyone else is involved or waiting on the sidelines.
We've got some interesting weeks upcoming that's for sure.
Bozi …. There is no “party line” to tow its just differences of opinion…. I’m not happy with the way things have been handled recently, nor is the market…. Hence the share price. I do however foresee a fairly rapid conclusion to this saga and I’d be amazed if it goes beyond the AGM
I’m confident at this stage Mather 4%, DGR (Mather) 8.9%, cornerstone 6.9% & Tenstar 4.7% all want the same outcome and with 25% of the company between them they hold serious sway and a way in for any 3rd party waiting in the wings
FTJNY
Whilst i echo the sentiments of your first paragraph, I'm sorry, but the second is a naive viewpoint, to put it mildly. The notion that you can only be positive about a company because you're invested in it is the skewed thinking of an ultimately unsuccessful investor. Why? Because it breeds a desire for continuous positive re-enforcement and thst will ultimately take your eye off the ball as far as the risks are concerned.
Why should i and others worry about saying what we feel? Are you worried it will stop people buying the stock and therefore giving a greater chance of improving the value of your investment? If so that's quite an insular and deceitful way of thinking.
Nobody should fear about having to toe the party line, particularly not to please others and preserve sentiment on an internet bulletin board. Moreso, fancy contributing here without being able to say what you really think...nah.
You should probably engage your brain on how daft your opinion is FTJNY.
Hi Zoro, enjoy the lovely BH with friends and family, Que sera sera here as we all know. lots of uninformed unbacked theories posted here but ultimately ...
I bet if we all met up in a room together we would all be mildly surprised at how nice and respectful we would all be to each other. We are all falling into the trap of anonymous BB posting :))
ONWARDS & UPWARDS
See you next Tuesday !!!
Fat Jenny you make me laff.
Z
Zoros bet your one of those people who join a meeting and suck all the positivity out the room as soon as you arrive with your doom and gloom attitude. I’m sure you could get a job as the big bad Wolf popping balloons at kiddies birthday parties cackling when you upset them!
I wholeheartedly agree with some of the sentiments expressed by Fort recently around the negativity expressed by certain posters and the harm it can have. It brings to mind the adage “Would you pi@s on your own doorstep?” Of course you wouldn’t! So why if you’re invested in Solg (note the key word IF!) would you be so vociferous in expressing such negative views? To my mind it beggars belief and the cumulative effect of such posting is to surpress positive sentiment which as a shareholder is a bit like shooting oneself in the foot! But it’s a free world and people can express their views as they see fit. I just wish people would engage brain before putting pen to paper!
What a load of b ollox Eish. "Great posts over the last 24hrs", yeah, right. Same people chewing the same cud, over and over and over again, day in day out, year after year.
Get used to Solgolds motto:
"Nihil subito happenedy"
[Suddenly.................................nothing happened].
On the one hand peeps are moaning that solg towers is keeping schtum and then on the other hand they are hearing rumours there is something happening??
You couldn't make it up.
This will go on for months and peeps will then disect why nothing happened for ages. Yawn.
On the other hand, maybe this post will tempt fate?
Z
Great posts over the last 24 hours, guys! Thanks for lifting the mood and sincerely hope this positive speculation comes to fruition. Looking at the evidence, it does look like something is on the boil in the background! GLA
Exactly Fort
A bid in the 50’s would clearly fail which is probably why BHP won’t make one . Does anyone think NCM would sell their stake for that ?
We are not distressed or cornered and we hold the biggest cards of all …. **** loads of gold and copper
Add …. What I believe is Nm can muster the support of 20% and then some if required and that is more than either BHP or NCM . I think the problem is that many here see BHP & NCM as working as one. I don’t believe they are …. BHP want it all and NCM ( with other commitments ) want a good return on their investment. We are far from cornered here and the failed cash raise may in fact have accelerated the end game here. What the AGM gives us is a line in the sand and (if we even get there) they’ll have to achieve something pretty spectacular to have any hope of surviving. BHP will not get this all their own way because they have not been allowed to. It’s painfully slow at times but we have avoided a ggp scenario and are free to look for funding or interested parties wherever we please …… what I find more interesting is figuring out the nature of what’s coming …. CGP and DGR need funds but are not selling Solgold stock ….. hmmm
Personally I don’t think we’ll even get to the AGM but if we do it’ll be with a sweet deal in the bag
There was a report in the media a while back (or it may have been a broker note) that they expected a 'CONSORTIUM' to make a move on SOLG. Whether that group ends up winning is anyones bet but if Mather has been able to rustle up a group like Twiggy, Gina, Valuestone, Lundin, Solaris and a few others (Franco/Boliden) then you just never know. If they pitch a deal in the 50p+ levels, then it sets the ball rolling and suddenly the BHP bullies are forced into action or they can walk away. About time someone tested the likes of BHPrather than running scared of them. Time to see if they want to 'put up, or shut up'. In OZ land, Mather has a lot of mates in the mining industry and many of them have a dislike for the way that BHP throw their weight around. Twiggy sent them packing. I suspect Oz Minerals will send them packing too. Soon their own shareholders might send Henry packing.