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So...the Alpala Project Committee is substantially reduced:
Keith Marshall was Chair so do we assume Kevin O'Kane has taken over...?
Nick Mather
DC
Peter Holmes (Director of Studies)...
Keith, Ingo and Jason all gone...so is NM now the 'power behind the throne...?
Solgold Finance AG is the funding arm of Solgold. Its Directors were:
Paul Bushell (President...he basically signs things off)
Nick Mather
Ingo Hofmaler
https://business-monitor.ch/en/companies/1044998-solgold-finance-ag/management
Ingo's gone...so it looks like Nick is running the show...
Paul Bushell is Partner and Manager at Reno Advisory GMBH (Solgold Finance AG is domiciled in Switzerland)
Deno Advisory GmbH is a Limited Liability Company based in Zug, in the canton of Zug, founded in 2021. Its identification number UID is CHE-163.461.838. It is active in "business and other management consultancy activities". Currently, the person holding a decision-making role is Paul Bushell (Partner and Manager).
https://www.linkedin.com/in/paul-bushell-412535/
I'd imagine the slug and probably Fortissimo will spot something changing long before the rest of us
DBW. Just went to 4.9%
Too spikey ??
Jezz ... a bit better today but keep an eye on the volume .... that's usually a precursor to anything big .... see a volume spike and we may be in business ..... these things have a way of leaking
It worked ! A green box dissappeared !
Goodbye Ray.
so far today.
Solg is gaining interest in the wider world I think.
SharketMare:
I thought so.
He said himself, if three posters report a post it dissappears, may be that can happen ...
Lolzzz tinyray couldn’t give a monkey’s unlike you!!!
For the record I shall be joining the rest of the decent genuine holders here and filtering you from now on. You are nothing but an annoying wasp when you’re trying to have a nice meal and drinks with real friends :)) adios and hope you lose loads on poly
Yes Jezzoo, he is back doing his very best to disrupt the board. If you look back through MassiveRay's posts on this BB going back 2-3 days (and further tells the same story), this poster has contributed absolutely nothing of value, and simply posts to wind people up and discuss anything but SOLG.
I have never reported anyone on this forum bar him, as he is by a long way the most pathetic troll this board has ever had to put up with. I encourage everyone else to do the same on a daily basis so we can be rid of him. A proper sad act.
More green boxes again.
Is the troublemaking snitch err, troublemaking again ?
Hoping all those combinations makes you feel better inside tinyray, as you mature you learn to appreciate the better things in life and here you certainly will, well done you. Shame you only have 15k worth!!! I know where I’d be getting some more funds for here sooner rather than later buddy xxx
Talatum, try not to focus on the sp at the moment as the baseline for a bid. It doesn't work like that. Noront was 23cents before BHP banged in a first offer at 55cents and then upped it to 75cents before it went to wyloo for 110cents.
The Oz minerals move is going to be interesting to watch as BHP have already been bruised by losing out to Wyloo. Their strategy of not overpaying could end up with them being left behind as all their competition buy everything up. BHP have told their shareholders that now they have binned the coal and dirty fuel business - they are going after green metals and commodities. But they have yet to secure anything of note.
The share price could be 25p by end of today and mid 30's next week based on nothing more than rumours. By the time a bid lands it might look like a mere 50% premium to the sp eg circa 45p to 50p.
Hence if BHP make a swift move now and just get an offer in, the headlines will read 100% increase to VWAP etc and that will look to many like a fair and full deal but as we know, insiders will want more than that as well as majority of holders.
Like BnC said, don't rule out the Chinese. There is more at stake than just copper/gold BHP etc... this is about opening up a new mining Provence and transforming Ecuador.
What happened to no rush I'll wait till its lower (purchased at 23.50, higher than when you posted Lolzzz) in cohorts with SH ? Lolzz, this is the BS that needs banning or completely ignoring for what it is ;))
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MassiveRay
Posted in: SOLG
Posts: 8,621
Price: 23.15
No Opinion
RE: Gazebo on funding13 Aug 2022 12:45
Certainly no rush to jump back in here. Bottom draw for long term holders.
Gl
There's my little purchase average now 23p
Might trade it or take a punt, the jury is out.
That would be a 100% premium Talatum
2x1 trades hmmm
“Nothing is going cheap these days “
Fortissimo, could not resist adding to your above comment “EXCEPT SOLGOLD” price lingering at 22-23 level 50% PREMIUM gives around 45 pence . Now I am not an expert but for company sitting on world class assets that must be cheap.
BHP have 20million options at 37p I think or is it 39p? It's small fry but it is an example of where they were happily content some years ago. Yes there has been some dilution since their 45p investment, but on the whole, I can't see BHP having any success at all with any chancer offers sub 50p. At 23.5p today, a move akin to Noront would see low ball delivered at 47p. Then following same Noront theme, a 50% increase to final bid would see 73p ish. There's a few analysts out there around that lower figure and a few a decent 10p to 20p higher.
We all know we are worth well north of £1 but to get there, we really need a bid war. You never know, that might come from NCM and BHP going head to head as one article suggested. Or it might be via someone like Barrick which had cosy chats with lasso recently.
But sub 50p is not going happen imho. I can't see Blackrock, Norges, tenstar, DGR, CGP or very many rolling over at that level. Add another 25% to that and it starts to get tricky in the minds of a few larger II's.
Topped up 63467
Also I realise Oz was trading at $10 or under pre covid, but that was a different era and frankly BHP should have snapped it up back then for $13 or $15 or something. It's not like they suddenly woke up last week and just realized copper is going to be in short supply. That horse has bolted and agree with CD, copper miners are not going cheap any more.
Plus Solg has been in or above its current price for years on and off, so again, such an optimistic low ball just wouldn't cut it here I feel.
Also I realise Oz was trading at $10 or under pre covid, but that was a different era and frankly BHP should have snapped it up back then for $13 or $15 or something. It's not like they suddenly woke up last week and just realized copper is going to be in short supply. That horse has bolted and agree with CD, copper miners are not going cheap any more.
Plus Solg has been in or above its current price for years on and off, so again, such an optimistic low ball just wouldn't cut it here I feel.
I think BHP are in for a nasty surprise... miners are not going cheap. They are going for a premium.
Just ask Rio Tinto. Their failed purchase of Turquoise Hill says it all. Nothing is going cheap these days for obvious reasons.
https://www.reuters.com/markets/deals/turquoise-hill-committee-rejects-rio-tintos-27-bln-offer-2022-08-15/
Looking at the Oz share price, it's been over $25 for large chunks of the last year. At the start of the year it was over $28. To claim that $25 is full and fair seems ridiculous to me, it's just pure opportunism when the SP has dipped due to short term copper weakness.
It's not like some company that has got itself into trouble, loaded up with debt with a declining business and seen its share price decline by 75% over several years, in which case a 30% premium to current price probably seems like a blessing to put shareholders out of their misery. BHP's offer is less than what you would have paid for OZ shares just a few months ago, while at the same time their own in house economists are trumpeting great future demand for copper over the medium to long term.
If they offered the same for Solg right now, offer at 29p or similar, I'm sure virtually every Solg shareholder would say F off.
Agreed Bozi, my point exactly from last week, Its coming home
Nothing has changed NoviceHunter.
The problem comes when people start polarising everything.
The reality is that someone can be allowed to have concerns whilst still rooting for a positive outcome. Just as someone can love the story without being a shareholder.
There are times when it's not a case or "X doesn't hold because they're not uber positive".
Good to see the SP buoyant this morning under fairly decent volumes. Let's hope it continues as that gices the company options where raising funds is concerned.