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"This is BHP Xplor, a global program to uncover the people that could deliver deposits in the critical minerals that our world needs. If you are interested in participating in the BHP Xplor program or would like to know more, please send us an expression of interest here."
Maybe someone would like to fill out the expression of interest on behalf of Solgold
https://www.bhp.com/xplor
Tesla, see you at the £1 plus party darling ;))
Lol I think you'll BHP recently got put in their box by Wyloo .... their arrogance will be their downfall ...... do they really think they're the only game in town
Maybe in a stable country, not in Ecuador……
You keep telling yourself it will all be ok. That’s a great investment strategy!
No cash, can’t raise funds, major shareholders disagreeing, corrupt country, politically unstable, drug cartel……the list goes on and on and on
What could possibly go wrong
However day after day, on here, everything is rosy and proceeding in the right direction.
Mather got greedy and thought he could outsmart the big boys, BHP didn’t evolve into a behemoth by being put into their box by numpties like Mather.
BHP talks so much rubbish…
We should do a Friesland/Voisey Bay. Solg should simply reimburse the costs associated for a Twiggy to prepare and deliver a bid at 45p…
Lets not forget, it takes many years to amass an amazing (one of the best ever) portfolios of copper, gold discoveries. And then you eventually sell it for an amazing price... Regardless of what is posted here
It wouldn't be difficult to move faster than solg
The quickest way into exploration would be to buy an exploration company.
Accelerated identification (and presumably acquisition) of copper resources:
22 August 2022
BHP introduces BHP Xplor, a cohort-based accelerator program to support early-stage mineral exploration start-ups find critical resources, such as copper and nickel, to drive the energy transition.
Through this program, we hope to create disruptive results in copper and nickel exploration by identifying new concepts, leveraging new data and testing opportunities at a much faster pace than discoveries to date.
Johan van Jaarsveld, Chief Development Officer, BHP shares, “The demand for future facing commodities, such as copper and nickel, needed to support the global energy transition is forecast to increase in the coming decades – the launch of BHP Xplor will help us accelerate in finding these critical commodities now and into the future.”
https://www.bhp.com/news/articles/2022/08/meet-bhp-xplor
WoodyB something WILL turn up. We are sitting on way too big a resource for it to be squandered like this.
Sean, Wilkins Micawber, like it, let’s hope so
I've made a small fortune from Solg.
I never sell under 25p.
I never buy over 29p.
We've been here before. No direction, no hope. Useless management.
But something will turn up.
Certainly an interesting trio in NCM, BHP and Mather. Between them they could pretty much prevent any predator (outside this group) from bidding. Collectively they would control over 50% if you chuck in CGP. But these major shareholders are not aligned. All want different things, different outcomes. One has the wallet to take the lot and it looks like NCM don't have much fire power left and certainly not enough to go toe to toe with BHP.
BHP are the one on a mission to move to copper/gold after exiting coal businesses. They are the ones that need to get the 'future facing' folio replenished. Perhaps if they fail on Oz Minerals, they'll turn to making a dart for NCM? Now that would seriously change the dynamic involved with SOLG and sort a lot of BHP's desire for gold reserves. SOLG is their answer to copper and Gold but will take almost a decade to show profits.
Lots of scenarios but that's M&A for you. Like dominos... one falls and then suddenly loads tumble and consolidation phase commences with the big boys getting bigger and the little guys getting taken on the cheap.
Ha ha egg on face, forgot the two in Canada, little bit away from home base.
Orthern,
Yep they look like they are going to stay close to home and Indonesia area’s
I think NCM could be bought out before we are.
Their share price is at a 5 year low, their shareholders are frustrated at the lack of returns, and their finances seem to be committed to their current developments.
I simply can’t see them buying Solg
I forgot to add, so the purchase of Solgold shares was just an investment to sell for later on imo
Atb
long suffering longterm investors have nothing to worry about here ........(funding issues are nothing new here)
This will pop one day and you will all be rewarded.
Solgold has a great assets it's just a matter of sitting it out .....
good luck all
BHP and NCM or one of them has a once in lifetime opportunity to pick up the phone and find some kind of deal that makes the most of the toe in the door that they have spent so long maintaining. If they simply play hard ball and cold shoulder SOLG, then they run the risk of pushing SOLG into a deal that might not involved any of them and loses the asset and their grip entirely. This is just as 'tight' now for them as it is for SOLG. An open auction or bid war would see them likely beaten out of it if going by recent M&A action. SOLG might well be pushed toward signing up with Barrick or Lundin and BHO and NCM can't do squat about it.
Talking could achieve a lot. At the moment the share price is weak and sentiment poor. But that can change in a flash. This stock could open at 40p tomorrow if a Reuters bid rumour drops into the market. That's how it's poised right now imho.
Well NCM don’t want anymore shares, they are waiting to sell to whoever, as the statement they made regarding getting out of the Americas and staying closer to home.
Old news but pertinent
https://www.bnamericas.com/en/news/Newcrest_to_Phase_Out_of_the_Americas
Oh and I should add, the reason for the share price weakness is nothing to do with a change in status of the assets, but it's more to do with that fact that the bigger wallet buyers like Norges and Blackrock et al, are now rightfully sitting on their hands awaiting SOLG's guidance on funding. Are they needed to participate or do they continue to buy in open market. That's the question they will be asking SOLG and the longer Darryl and co takes to get back to them, the longer they will sit on their hands.
And that does not bode well for the share price near term. SOLG's share price was very strong and stable a few months back while the rest of the market was in tatters and this was due to large II buyers mopping up stock ahead of the PFS.
It's the larger II buyers that move the price not piddling pi's. So what do they need to do Darryl?? Do they buy in open market or are you about to give them a 100m shares at a certain price??
The market awaits.
Berry St capital (if I recall correctly) specifically said 'NO' to doing a fund raise BEFORE the PFS. They said they wanted to see a fund raise done after the PFS. And that's exactly what SOLG did albeit a 'test' basis or larger shareholders playing games etc who knows but they listened to Berry Street and followed that strategy. To be fair most expected the sp to be 40p or 50p upon the PFS but the market backdrop, risk etc all soured pretty fast after Putin launched his Ukraine war.
So not sure Berry Street have much to complain about.
I think Berry St are aligned with Nick Mather. See their recent note on SOLG after the failed fundraise:
https://www.rns-pdf.londonstockexchange.com/rns/0991U_1-2022-7-28.pdf
They want the business sold. And they talk about a 'select group' who might be exercising control. Some speculated that was Mather, I think it's much more likely to be the majors, who certainly don't have ours and other shareholders' interests at heart.
Fort, no they are not. However, they are taken more seriously than we are and if they choose to be activist investors I'm all for it.
I don't think Berry Street are of any importance or note. They are not of much importance. How much do they hold?
As for Darryl, I believe some of his bonus share awards are based on VWAP so the lower sop suits him .... no idea how these towns on renumeration committee came up with that cracking incentive.