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Bozi never in the history of NM being in charge has any of his explorations been taken to production the evidence is in what he has always said he would reward all shareholders in solgold like he has done in the past with other explorations he's been involved with that's a fact he's sold them on so based on these facts this will be sold once proven up not only on one tenament but on a few imho please come back to me if you think I am wrong and prove it that's why I said to quady and whoever mentions production this will not happen I stand by what I say .
Q, you wouldn't understand a "diverse book" if it hit you on the head.
Pad, an interesting retrospective. NM confidently predicting production in 2025. Hmm.
And within three months of that interview he was toast.
Bozi, I accept your point, but I take it you also understand mine?
Addicknt because you keep repeating the same lie, doesn't make it true. I have never said a bid could never happen, you constantly reassert that to divert from the truth that you have been constantly wrong and I have been correct up till now. I don't believe a bid will occur because of the diverse book. Something you don't understand. If the book becomes less diverse I would reassess my position. It's not that hard to understand.
Addicknt - I don't agree in this context.
I don't think it's fair that someone can come onto this board and post, most days in a matter of fact way, that the takeover is on the way whilst at the time telling someone who has maintained the opposite that they are wrong.
I am asking bubble for his evidence. Quotes from Pad from Nick a couple of years ago are all well and good but don't prove anything. In fact they make it quite clear where Nick stands in terms of the premium he wants.
https://www.resourcesrisingstars.com.au/news-article/bhp-positions-itself-looming-battle-solgold
BHP is understood to have locked up exploration acreage in close proximity to the Ecuadorian tenement that has made Brisbane-based explorer Solgold a takeover target, suggesting there is serious intent behind BHP’s $49 million investment in the explorer’s scrip (reports The Australian Financial Review).
"We now we have effectively two majors on the company's register, and I don't think it is in the nature of either of them to want to sit still as minorities," said Mr Mather on Wednesday, adding that his company had defence advisors at the ready should a full takeover offer emerge.
Bozi, as you know, it's not about what has and hasn't happened in the past, it's about what's likely to happen in the future.
The fact that Q has stated that something hasn't happened is entirely missing the point. But I think you know that.
Zoros what you are describing is a hostile bid. I covered why I don't believe that will happen.
I was referring to an agreed takeover and it absolutely matters.
No future buyer cares one jot about how many 'parties' own a company or its resource, if they want it they simply bid at a very attractive price and voila - job done.
after years of watching this sloath of a stock tread water, most shareholders would sell up if say 80p was offered, without blinking.
Diverse books are theoretical settings which have little effect in real life,
Z
https://news.financial/interviews/solgold-ceo-nick-mather-on-building-a-major-gold-and-copper-mining-company
"Is it to be expected that SolGold will be a takeover target or maybe already is?"
NM: “The market capitalisation of SolGold is well underneath the value of Alpala alone without considering the value of the 13 other projects. There is of course continual speculation that the company may receive takeover offers. It would need to be very hefty to receive my recommendation.”
Bubble - Where's your evidence? You can't make those claims without showing your hand.
Quady has been right to date as far as a takeover is concerned. A bid is yet to be put to shareholders. That may well change at some point, but then and only then can you tell him that he's wrong.
Sorry Bozi I stand corrected, but you know what I mean.
... It just can't be done too aggressively and using the trading book because then the price will start to stretch away.
Quady - your example is a really poor one. Newcrest don't own any stock in GGP. They will eventually own up to 75% of the Havieron deposit.
Also, Norges have seemingly managed to build 4% in SOLG without making things too expensive. In fact the price is 15- 20% lower now than when they may have been buying.
It's easily possible if done in blocks. If
Bubble your even wrong about me being wrong again, I have never said we are expecting a bid, so have not been wrong in the first place.
Quady you'll find you are wrong yet again watch and learn
Bubble you have predicted a takeover many times you have been wrong every time and I have been correct every time.
NM has made it clear we go to production.
Quady we not going to production ,we going to be taken over ask NM
Good afternoon Andywest
I have explained it many times, but here goes once more.
The problem with start up companies is that they often end up as companies that issue lots of shares when they need money and the good ones end up issuing shares to a single entity .
Let's take GGP as an example : today Newcrest have or will have 75% of the shares and a controlling share, so it's game over as one day Newcrest will own it.
NM understands this and has not let any entity own more than 15%
So we always are in a state of competitive tension.
No one will sell their stock as they all want a bigger share.
This means two things:
1=) In order for a bid to be successful the bid would have to be set at such a level that the block holders of Solgold would sell and allow a single holder to obtain a bigger percentage. They cannot buy on the open market as this would be too expensive.
2) We want to head to production, this is Solgolds intention, remember production is plan A. that is our direction.
The saying plan A begets plan B is not what most people on here thinks it is.
It means should anyone put up the kind of money that would make our major shareholders sell to them, then under the right circumstances Solgold might not be able to defend. ( it is very unlikely at the moment with the book being so diverse )
If someone wants to buy GGP all they have to do is approach Newcrest and agree a bid for a friendly takeover.
If someone wants to buy Solgold, where do you start as having such a diverse book means you need to talk to many parties at once including NM.
Solgold could be taken over with a hostile bid, but the price for the bidder would be high, so I have ruled that out for the moment.
This has been why I have been confident over the years that no one will bid for us in our current format. Along with our defense and offtake to Franco Nevada.
This next bit is speculation by me believing what I believe.
When Solgold announces the CFP to construct Alpala it will be tabled in such a way that will be minimum dilution to keep the book diverse and will mainly consist of Bonds, Loans and offtake. So as to prevent a bid while constructing Alpala.
At this point I believe we will start to see the Solgold share price start to rise.
Quady could you explain please what you mean by a 'diverse book' and how it affects the liklihood of a bid for our company.
Jezzoo - fair enough point taken.
Quady - there's a bit of a difference between having provisional pledges and binding agreements. Can we be sure that the party of parties that indicated they'd provide a billion quid two years ago still would do the same today?
We need binding agreements. If it's too early then we should look at MOUs or LOIs. But either way we the company should be telling the market who wants to get on board by means of re-enforcing the SOLG story.
There's only so long that soundbites like "next cab off the rank" will hold.
FTJNY companies don't work like that.
They have strategic plans in place, they don't sit round a table and agree to bluff.
Only by constructing Alpala can we release value.
Apart from the above argument which Q spouts incessantly his other claim is that Solg have repeatedly said they can raise the necessary funding with minimal dilution to take Alpala to production. Of course Solg are going to say this otherwise they would be a sitting duck for a cheap takeover by the likes of BHP! Solg are merely playing the game when they talk of funding to production. Its just like any high stakes deal, bluff and double bluff and see who blinks first!
Good morning Bozi on the CFP, we know they are talking about financing, but we are not going to get anything till after the DFS, maybe as late as the BFS. But the fact that Solgold talked about 1 billion on standby two years ago shows us what's in the pipeline.
On the issue of everyone knows what their shares are worth and no one will sell cheap.
We have to remember our market cap for a company with no revenue.
We now require the DFS, as we are on a long journey.
Seanhunter may want things to move faster, if that's the case don't invest in Mining, Oil or Gas