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"Slug has been targeted by them"
That is delusional, slug has openly been abusive to Craig in admin and disgusting to others.
You have no chance of that happening jezzoo.
Have a productive day.
Well well, it seems the worm is turning and it's turning against the Dynamic Duo.
I for one will vote for their removal, especially the Snitch.
Slug has been targeted by them ( me too) for no reason aside from a difference of opinion, gaslighting is abhorrent.
Without them this board would be a much calmer , more informative place.
I can see they are getting worried judging by the amount of green boxes I'm seeing.
ONWARDS & UPWARDS !
Fortissimo
Agree Blackrock not onside but fairly certain their investment will be of strategic interest to someone and they’ll want top dollar ….. same with Norges
We know what’s coming here but what will trigger the first move ? AGM has given us a timeline at least
If a Rights Issue was the way forward, we'd need it underwritten and I wonder if there's any appetite out there for that, particularly after the recent debacle.
DBW, agree, it's clear that there is a number of investors out there that when combined total more than BHP and NCM's weighting and that's a real powerful position to have. I'm not sure I would include Blackrock on Mather's side but think they'll want a very good return. They've been in SOLG for many years.
The fact that they moved their 'instruments ' from 4.3% to 5.6% (could be higher or lower now but lets go with last update) suggests that there might have been a 'rights issue' being lined up. Now some on here are familiar with rights issues and some may not be. The point of a rights issue is to manage dilution but it also favours the biggest holders as they can afford to retain the rights issue shares, while most pi's will in effect have to sell their rights. This means you bank the cash from the dilution so retain your stake but sell your rights shares which are normally at a discount and you get a portion based on your holding so art rewards 'holders' and penalises those that have sold out and are on the sidelines. As they will get none or limited rights issue shares to sell or retain.
I think blackrocks move and Norges speed in getting up to near 4% suggests that both were ready for a rights issue. All in all, these rights issues can be costly so you really need to raise at least $100m+ to make it worth while.
A rights issue would be the best scenario and reward 'holders' or allow them to manage the dilution.
As you say addicknt over a year ago.
ColonelDrake you are innocent. This individual is here to spread hate, that's his sole purpose. Don't be taken in.
I have seen individual's like him on economic forums and an Astronomical platform.
I know of two criminal prosecutions resulting from this behaviour.
I for one don't understand why the authorities have not been notified by LSE.
It certainly warrants it.
It’s clear all this squabbling is simply an attempt to detract form any constructive debate
addicknt, we are mushrooms in this game. You never know, BHP might strong arm NCM and say... if you don't play ball with us we'll take you out (as some media sources seem to hint at.
BHP can buy NCM ... yes it will be a major transaction but guess they want to see how OZ minerals works out first. Might go like this...
1. OZ minerals - bid success = bid for SOLG
2. OZ minerals - bid failure = bid for NCM and then SOLG.
NCM might sell to BHP on basis that BHP leaves them alone?
Q, that was a long time ago and life has moved on a great deal. But, as I said, I'm not the best person to judge - Jerry has a much better insight.
Good morning addicknt, NCM's last stated position was they are not selling their stake, and if possible looking to add to it.
I don't believe that has changed.
Unfortunately drake even when he's tried this trick admin still on to him.
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.