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Fortissimo
Irwin’s silence does indeed speak volumes and indicates to me that whatever the plan is, he is indeed still onside . Between Nick ( in his various guises) and CGP that’s 20% …. You can be sure that the likes of Tenstar , Valuestone, Norges & Blackrock will want a decent return on their investments too.
There is also no guarantee that NCM will roll over for BHP and will also want top dollar for their “strategic investment “
So the reason BHP have not bid is either because they don’t think it’ll succeed or they just don’t want it …… it seems to suit their MO moving forward perfectly, but the same could easily be said for Barrick, Rio ( less so ) and the Chinese ….. all will have to play out prior to December’s AGM
Slug, beat them at their own game. You are smart enough. Just post your insightful stuff and avoid supplying the ammo that they need to get your removed. It will hurt them more if they know they can't remove you. These gangs on LSE need looking into as admin certainly seems to be willing to listen to them but at same time happy for them to do the exact same to others. Rules for some and rules for others will cost LSE click bait if they are not careful. Good business is a good balance view across the BB's and equal treatment toward all posters.
Won't work slug as I've not broken the rules besides admin are more than aware of you because I report you constantly.
would certainly be helpful if there was competitive tension between NCM and BHP, but those with better knowledge of NCM than me, are fairly emphatic they will not be bidders and are more likely to sell to BHP, or anyone else who's prepared to pay the price.
Morning big man,
Well just came across your little gloating from yesterday morning....maybe a bit premature (once again....) :)
Yesterday news certainly not inspiring confidence, however it seems the market for whatever reason not that concern, so far anyway.
Remains to be seen, as always.
Thanks for sharing article BnC
Sean, chill... keep posting your negative stuff as it gives a nice balance. All the positives are out there for you to see but I guess you have to be invested to see them and you are clearly not.
There will always be believers and non believers but you must remember - if you walk into a Man U fans pub and start singing your xxxid and you are going no where ... long live the city.... then I would guess you'll be met with some pretty strong words and lucky to stroll out of there with nothing broken.
As I said... no problem with your negative slant but expect it to be parried or a riposte from the believers as positivity is needed around here not negativity. BHP and NCM want the negativity in bucket loads. It does 'us' no favours.
Slug Champers
Please dont -
When you're on ur best behaviour you have some interesting / valuable insights / contributions.........
When ur being an "ar-se" it's a crying shame as detracts from the valuable stuff you can/do share..........
[however I think my pleas will be in vane - but nevertheless would delighted if you'd be a pleasant slug]
r's
bn.c
BNC, it's astonishing that this poster hasn't been banned by admin as he seems to be stirring things up in exactly the same way as the very people that he seems to snitch on and get banned. Quite ironic really.
We could have a vote on him being banned ? Then hand that over to admin. Very diplomatic. Or he could behave himself and follow the rules that admin expect.
Lets see how it goes and then review later.
Fort, firstly your snide, misogynistic dismissal of Ms Saridas does you no favours at all mate. Seriously.
Secondly, as for your advice - don't bother giving out advice to buy, sell or short on here, period. You are not qualified.
Do I still believe a bid will come - yes definitely, but it could be years away still, years in which the BoD can easily take us down to single figures with ill conceived over ambitious plans.
Will I continue to hold? Yes, i have a stake I will keep through hell and high water.
Will I ever trade this again? I'm not sure, certainly only if we stop falling week on week and establish a nice stable fluctuation.
Would I short this? Never shorted a share in my life, don't think it's possible with my HL account, and it would be utter madness to try to short a share in a company that BHP could bid on at any time.
That's all you're going to get from me mate, if you don't like my pessimism feel free to either show me some reasons to be cheerful, ignore me or filter me.
ray
i know you have beef with some here............but how long do we have to put up with this nonsense from you goading others on here and picking fights ad nauseum..........could you please have ur arguments elsewhere as I for one am fed up of having to read this cr-ap from you on the SOLG discussion bb constantly............
I wish you no malice - just bored of the infighting on here which detracts from the decent informative info..........
Respectfully,
BN.c
Hi all,
It would be nice to read this board with decent content and contributions by all without the fighting all the time......
Yes I'm not daft enuf to think everyone will be up for a love in, but is there any chance we can all wind our necks in a bit......
do some research - post that info and have a respectful discussion re the info found without having to tear strips off of one another all the time......
We're all supposed to be here with a vested interest to see our investments / trades come to fruition...........but it feels like most just wanna be right re their point of views..........
So any chance we can stop having a go at each other and just have respectful debate?
I bit the bullet to pay a very small fee and find out what this article said & glad I did as there was much more in the article than the snippets other had posted...........didnt take long & didnt cost a lot especially considering the amount of money we have invested here!
all the best
respectfully
bn.c
"would be good if you can serve up some more negative stuff Sean as the market at present seems to have shrugged off your doom and gloom view."
Isn't this the reason ColonelDrake was banned for doing so on ggp? I am Looking forward to being proven right again.
See you all soon.
thanks BNC... so Sean's article was actually pretty balanced and not such a doom and gloom scenario as he points out.
Guess it always pays to check the source and read the article in full or things can become misinformation by selected cut and paste.
I'm Sean will be scouring the Internet to find another negative slant pretty soon. For balance... would be good if you can serve up some more negative stuff Sean as the market at present seems to have shrugged off your doom and gloom view.
Thank you BNC, good to see disagreement between BHP and NCM.
But then that's one of the positives of the diverse book. Helps stop concert groups.
Yes, she does seem to be a volatile one! I'm nor sure her CV will get her very far from now on. Unfortunately mining is still very much a 'mans' world and although that is changing, women are still finding it tough. We don't know the ins and outs but if she discovered that equity dilution was a no no ... then that's poor research on her behalf as the Franco deal a year or so ago would have told her that.
That said, I do think that she was brought in to look at doing an IPO of ENSA and then recently (poss last few weeks) the strategy changed and the IPO idea got binned. No doubt BHP and NCM involved again I would guess.
So if she was there to get an ENSA IPO off and then that was binned by the board... why stick around? She may as well go. She wasn't on for any major bonus awards as she wasn't a director and wasn't on the board.
here's also some more from said article.......re tensions between major shareholders.......
article points at tensions between BHP & NCM also - so seems like every fkr is fighting.............
"The ongoing turmoil at SolGold threatens to overshadow the company’s work developing Cascabel, regarded as one of the hottest emerging properties in the copper space.
Interest in SolGold has been generated not just by the size and grade of Cascabel, which is tipped to produce up to 210,000 tonnes of copper a year at peak output in the mid-2030s, but also by the competitive tension on its register between BHP and Newcrest.
Both own about 13.5 per cent of the emerging miner, and one or the other is heavily tipped to make a play for SolGold, or play a major role in funding the copper project in exchange for a share of the copper mine, which is likely to cost about $US2.7bn to develop.
But SolGold has also been plagued with tensions between the two mining majors at its other shareholders, particularly those associated with former boss SolGold boss Nicholas Mather and DGR Global.
BHP and Newcrest are believed to have played a major role in forcing Mr Mather to step down from an executive role at SolGold after a falling out over the debt-focused funding structure he had adopted."
Need a v strong leader to sort this lot and bring things to a reasonable outcome for all!!!
Can Gazebo pull it off? Remains to be seen.........
bn.c
Yes fully understand Sean.
I guess it's to be expected. Positivity and negativity does tend to swing on whether you are invested or not. Have you thought of shorting SOLG?? If you are convinced of the impending doom (really convinced) then take out 'trade' that rewards you should it go to your single digit price.
My guess is that the likes of Norges and co will burn your short for sure. But would be good to see some put some money behind their negativity rather than just posting the stuff on BB's.
Good morning seanhunter, okay we had a surprise yesterday. It's still got to play out.
But the one thing that should be clear to even to the hardest of heads.
Is that no one is talking about a bid . ( They never were ).
What we are talking about is the next phase which is the DFS.
Forget ColonelDrake as he has called everything wrong on this share and he is still talking about a bid.
Anyone got any ideas on the next fund raise and the finance of Alpala, because that's where we are going.
I see some have taken snippets from the article........
here's some more on Ayten..........
The loss of Ms Saridas is a more significant blow to the company, given the fanfare around the appointment of the experienced finance executive on her recruitment in May.
Her departure comes only weeks after SolGold shares tumbled in the wake of a failed capital raising. SolGold has about $25m in the bank, Mr Cuzzubbo said last week, enough to fund its operations until the end of the year.
Ms Saridas will be replaced on an interim basis by former Newcastle Coal Infrastructure Group chief financial officer Keith Pollocks, who is believed to be one of the unsuccessful candidates during the company’s previous search for a finance boss.
It is the second time in two years that Ms Saridas has left a senior executive role within months of starting her new job.
She quit as the Oil Search chief executive in late 2020 after only three months at the oil and gas major, and last year launched legal action against the company amid claims of bullying by former chief executive Kieran Wulff.
Unfortunately I believe you're going to be proven right Sean, and then it's tin hat time.
Gl
Fort you were happy enough with my posts when I was excited about an incoming bid. Unfortunately, I tell it like it is, or at least how I feel it is. Been invested here since 2016, been trading since 2018, always have a stake in here for the endgame, which I wrongly though was coming this summer.
Wish I could be more positive mate, but I sense a coming disaster for all the same reasons Quady thinks we are entering a golden age.
Deeply frustrated we are becalmed in the low 20s but more frightened of where the BoD is about to take us.
If that's not nice to read either chuck my opinion on the pile along with all the wildly positive ones, or filter me.
Signed a cooperation agreement didn't they? I guess that's them gagged until a deal is done as no way CGP would sign up to an agreement to work together with SOLG if they didn't see a monetisation on the way.
Irwin's not had a word to say since that RNS dropped.
Cheers sean
Might even stump up the $2 subs what the heck as i think there a gazebo (DC) or as some call him Timmy Mallet....interview on there also......
ta
r's
bn.c
Sean, give it a rest...and what's with the 'we'. You are not an investor here. That's blatantly apparent by your negative campaign posting of late.
It's a pony ten penny article. What's wrong??? SP not going to your single digits fast enough for you??